
Key Money Tips for New Grads
Authored by Key Club
Professional Development
12th Grade

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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the recommended budget allocation according to Shikha Narula for new graduates?
60/20/20 budget
50/30/20 budget
40/40/20 budget
70/20/10 budget
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What percentage of your paycheck should be allocated to "wants" according to the 50/30/20 budget?
50%
30%
20%
10%
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the second-highest form of household debt after mortgages?
Credit card debt
Student loans
Car loans
Medical bills
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the approximate average student loan debt per borrower?
$28,000
$38,000
$48,000
$58,000
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a suggested way to manage student loan payments?
Pay manually every month
Automate payments
Pay only the interest
Ignore payments until later
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is having a budget important if you don't have a job yet?
It helps you save for luxury items.
It allows you to spend without limits.
It helps manage bills and obtain funds at low rates.
It encourages borrowing more money.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should be prioritized according to Narula when managing finances without a job?
Buying a new car.
Prioritizing student loans and credit card debt.
Investing in stocks.
Planning a vacation.
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