Personal finance

What is a budget?

• Debt tracker

• Income list

• Spending plan

• Savings account

Which is a fixed expense?

• Groceries

• Clothing

• ClothingRent

• Entertainment

What is the purpose of an emergency fund?

• To pay for vacations

• To cover unexpected expenses

• To invest in stocks

• To buy a new car

What is the benefit of tracking your expenses?

• To increase your savings

• To avoid paying taxes

• To understand your spending habits

• To impress your friends

What is the main goal of financial planning?

• To accumulate debt

• To achieve financial stability

• To spend freely

• To avoid budgeting

If you have credit card debt, what's the best way to pay?

• Pay minimum amount

• Fixed interest rate

• Pay when you remember

• Ignore the bill

Best method to save money?

• Use credit card always

• Save leftover money

• Set savings goal first

• Borrow to invest

Emergency fund should cover expenses for?

• 1 month

• 3-6 months

• 1 year

• 2 years

Which is not an investment?

• Stocks

• Bonds

• Mutual funds

• Salary

What's the "50/30/20 Rule"?

• Food/Housing/Entertainment

• Needs/Wants/Savings

• Savings/Investments/Expenses

• Salary/Bonus/Side income