WorksheetsHow to Manage your Money-Don't Skip the Coffee
Total questions: 9
Worksheet time: 2hrs 15mins
(Choose which items that best apply)
When starting a budget you should focus on the big ticket items which are:
insurance and grocery planning
housing and transportation
eating out and a membership at Starbucks
travel and investing
(True or False):
Get high interest debt & loans for items that quickly loose value.
True
False
(True or False):
Don't have a specific plan for a savings goal. It's not important to make a plan on trimming expenses or increasing your income.
True
False
What are some items that are healthy debt?
jewelry, boats or RV loans
the latest tech items for your house
education, small business or home loans
(Choose which answer finishes the sentence correctly):
Credit cards can be healthy & improve your credit score, as long as you.....
pay the balance in full every month.
buy only things on sale (can pay off in 6 months, with late payments)
buy things only on clearance (can pay off in a year, skipping payments whenever you want)
Choose what doesn't apply:
The following were some examples given on ways to reduce your taxable income. (paying less taxes on the money you make).
credit cards & boats
healthcare & childcare
savings & education
retirement & transportation
Tax Deferment is paying your taxes later in life when you are in a lower tax bracket. Some examples of programs people use to tax defer are:
Netflix & Hulu
401 & IRA
What percent of all bankruptcies are related to medical issues? (not having health insurance or enough of it)
20%
40%
50%
60%
How much was the $1,000 savings bond, bought in 1975 worth in 2018? (It grew because of compound interest on top of interest)
$22,099
$82,099
$132,099
$52,099
