Halloween Personal Finance Quiz

You want to buy Halloween costumes, candy, and decorations but only have $50. What should you consider first when deciding what to buy?

• • Buy what looks the most fun

• Decide which items are most important and allocate your budget accordingly

• Spend the entire budget on costumes

• Wait until after Halloween to get everything on sale

You’re shopping for Halloween candy when you see a decoration you didn’t plan to buy. What’s the best way to handle this impulse purchase?

• Buy it immediately to avoid missing out

• Use your credit card and pay it off later

• Wait 24 hours to decide if it’s worth the extra cost

• Put back some candy to stay within your budget

You’re choosing between spending on Halloween costumes (wants) or saving money for a school trip (needs). What is the best approach?

• Spend on both and adjust your budget next month

• Prioritize the school trip and use a homemade costume to save money

• Split the budget equally

• Buy costumes and ask someone else for help with the trip costs

You want to set aside money each month for Halloween spending next year. Which type of account would help you earn a bit of interest while keeping your savings safe?

• Checking Account

• Credit Card Account

• Savings Account

• Stock Investment

If you’re interested in buying Halloween-themed stock, such as a candy company, what is a potential risk?

• You will have unlimited returns

• It will earn the same as a savings account

• Halloween stocks are only available in October

• The stock may lose value, impacting your overall savings

You buy costumes with a credit card but only make the minimum payment. What’s likely to happen?

• You’ll pay interest on the remaining balance

• The balance will disappear after one month

• You’ll receive a zombie-themed discount

• The credit card company waives fees for Halloween

You’re tempted to use your emergency fund to buy extra pumpkins for decorations. Why might this be a bad idea?

• Emergency funds are only for large purchases

• You can easily replace it later

• Emergency funds are meant for unexpected expenses, not holiday items

• Pumpkins don’t count as a real expense

You invest in a haunted house company that pays dividends. What is an advantage of dividend stocks?

• They allow more frequent purchases

• They are risk-free investments

• They require no initial investment

• They provide regular income, which you could save for next Halloween

You have $50 leftover from your Halloween budget. If you want it to grow with low risk, which is the best option?

• Investing it in stocks

• Putting it in a checking account

• Adding it to a high-yield savings account

• Keeping it as cash at home

You’re stocking up on candy for trick-or-treaters but want to avoid overspending. Which is a smart financial strategy?

• Buy the most expensive candy available to impress trick-or-treaters

• Set a budget for candy and look for deals or discounts

• Use your emergency fund for any additional candy costs

• Avoid making a budget and buy as much as possible