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Personal Finance Concepts and Misconceptions

Authored by Omicron Pi Chapter

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Professional Development

Personal Finance Concepts and Misconceptions
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 What percentage of Americans live paycheck to paycheck?

25%

40%

63%

78%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Using a credit card means you're spending money you already have.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should an emergency fund be used for?

Going out with friends

Unexpected expenses like car repairs

Shopping

Last-minute trips

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: Budgeting means you can't have any fun.

True

False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A friend invites you out, but you're on a tight budget. What’s a good response?

Go anyway and stress later

Be honest and suggest a cheaper plan

Ask to borrow money

Ignore the invite

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you get a $1,000 refund from financial aid, what's a smart first step?

Go on a shopping spree

Buy gifts for your sisters

Book a flight

Save some for emergencies or rent

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or False: You should never talk about money with your friends.

False

True

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