TC2--MSU Adulting: Pay Yourself First: Saving Habit

Quiz
•
Special Education
•
9th - 12th Grade
•
Hard
Rachael Tait
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the "Pay Yourself First" principle emphasize?
Paying bills before saving
Saving a portion of income before spending on other expenses
Spending freely and saving what's left
Investing all income immediately
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a recommended method for implementing the "Pay Yourself First" strategy?
Saving a fixed percentage of income each payday
Waiting until the end of the month to save
Saving only when extra money is available
Spending first and saving any remaining funds
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of an emergency fund?
To cover unexpected expenses without going into debt
To invest in high-risk stocks
To fund luxury purchases
To avoid paying insurance premiums
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can automating savings contribute to financial success?
It ensures consistent saving without manual effort
It increases spending habits
It eliminates the need for budgeting
It guarantees high returns on investments
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a common recommendation for the percentage of income to save each month?
5%
10%
20%
50%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should be the first financial goal when starting to save?
Saving for a vacation
Building an emergency fund
Investing in stocks
Purchasing luxury items
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can setting up separate savings accounts for different goals be beneficial?
It helps track progress toward each specific goal
It increases the risk of spending
It complicates the saving process
It reduces the amount saved
Create a free account and access millions of resources
Similar Resources on Wayground
12 questions
Budget

Quiz
•
9th Grade
10 questions
TC2--MSU Adulting: Do you Have a Plan? Money Goals

Quiz
•
9th - 12th Grade
10 questions
TC2--MSU Adulting: Investing and Risk Quiz

Quiz
•
9th - 12th Grade
13 questions
Banking Vocabulary Quiz

Quiz
•
9th - 12th Grade
10 questions
TC2--MSU Adulting Budgeting: Income and Expenses Quiz

Quiz
•
9th - 12th Grade
11 questions
Banking terms

Quiz
•
6th - 12th Grade
10 questions
Burn Rate and Runway Quiz

Quiz
•
11th Grade
10 questions
TC2: MSU Adulting--Keeping Your Money Safe Quiz

Quiz
•
9th - 12th Grade
Popular Resources on Wayground
18 questions
Writing Launch Day 1

Lesson
•
3rd Grade
11 questions
Hallway & Bathroom Expectations

Quiz
•
6th - 8th Grade
11 questions
Standard Response Protocol

Quiz
•
6th - 8th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
4 questions
Exit Ticket 7/29

Quiz
•
8th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Subject-Verb Agreement

Quiz
•
9th Grade
Discover more resources for Special Education
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Subject-Verb Agreement

Quiz
•
9th Grade
40 questions
LSHS Student Handbook Review: Pages 7-9

Quiz
•
11th Grade
24 questions
Scientific method and variables review

Quiz
•
9th Grade
10 questions
Characteristics of Life

Quiz
•
9th - 10th Grade
19 questions
Mental Health Vocabulary Pre-test

Quiz
•
9th Grade