Pre-Test Financial Concerns

Budgeting is...

• a system for tracking investments only.

• a summary of estimated income and expenditures over a specified period of time.

• an act of saving all your money without spending any.

• an act of saving all your money without spending any.

Why is financial literacy important?

• It helps people avoid financial scams and fraud.

• It provides individuals with the knowledge to make informed financial decisions.

• It ensures that people will always make a profit from their investments.

• It allows people to avoid paying taxes on income.

What is a financial goal?

• A vacation plan

• A job title

• A target for savings or investment

• A social event

What is a common financial mistake?

• Buying insurance

• Saving for retirement

• Investing in stocks

• Living beyond one's means

Which of the following is a sign of financial distress?

• Saving regularly

• Full of debts

• Investing wisely

• Having a side job