Money Management and Attitude Quiz

What is more important than anything else for success in managing money?

• Owning a business

• Attitude

• Having a high income

• Living in a big city

What can help you stick to a budget according to the text?

• Buying a new car

• Enlisting help from friends

• Ignoring your expenses

• Spending more on entertainment

Tags

CCSS.RI.6.2

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.7.2

CCSS.RL.8.2

What is a benefit of automated saving arrangements?

• You can avoid paying taxes

• You save directly from your paycheck

• You don't need a budget

• You can spend more money

What should you do if you make a financial mistake?

• Ignore it

• Spend more money

• Learn from it

• Blame others

Tags

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.6.3

What is a suggested alternative to going to concerts or shopping?

• Buying more clothes

• Eating at expensive restaurants

• Traveling abroad

• Going to the park

Tags

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

What is the purpose of budgeting?

• To buy luxury items

• To overspend

• To ensure balanced spending

• To avoid saving money

What is a line-item budget?

• A budget for vacations

• A budget for buying items

• A budget that ignores expenses

• A budget that tracks every expense

Tags

CCSS.5.NBT.B.7

What is the envelope budget system?

• Using credit cards for all purchases

• Saving all money in one account

• Spending without limits

• Putting cash in envelopes for specific purposes

What is a zero-sum budget?

• Spending all your money without a plan

• Ignoring financial goals

• Allocating every dollar to specific goals

• Saving all your money

What should you do to improve your money attitude?

• Wait until you're in debt

• Start managing finances early

• Ignore financial advice

• Spend all your savings