Everfi Consumer Skills/Money Habits

When you are deciding what to buy, you should NOT

• compare the unit price of similar items.

• read reviews from unbiased sources

• assume that buying the cheapest item is the smartest choice.

• wait for sales to get the best price.

How is a post from a social media influencer different than a comment from a regular consumer?

• It isn't any different

• The post by the influencer is likely one-sided

• The post by the influencer may have been posted by the seller

• The influencer is paid to post the product.

What is one of the best ways to get reliable information about a product?

• Follow a social media influencer

• Look for the advertisements

• Search online reviews

• Ask someone who has never used it

The price of a single item within a group of items is known as the __ of the item.

• group price

• item price

• unit price

• total price

Which payment option can offer additional security like fraud protection?

• cash

• check

• debit card

• credit card

Why is figuring out the unit price of something useful when shopping?

• It helps you check to see if the price is correct

• It helps you located items in the store

• It helps you determine the best deal

• It determines if a coupon is still usable

Jasmine just received her paycheck. To manage her money, she categorizes spending by needs, wants, and savings and debt. What money management strategy is Jasmine following?

• envelope method

• 50-30-20 rule

• pay yourself first

• managing money

Which of these is an example of an unexpected expense you should use your emergency fund for?

• A new video game coming out that you forgot about

• A last minute vacation your friends planned

• A flat tire in your car you drive to work every day

• The latest iPhone going on sale

Tarik works in a restaurant and gets paid in cash. He's used to dealing in cash, but he needs a system to help

• 50-30-20 Method

• Envelope Method

• Investing in Stocks

• Avoiding debt

You are saving for retirement and it's 40 years away. This is an example of a...

• short term goal

• long term goal

• medium term goal

• smart goal