WorksheetsFinancial freedom
Total questions: 15
Worksheet time: 18mins
Which one of these is a spending trigger?
Being sad :(
Trying to compete with peers
Sales and irresistible deals
all of the above
remember the cash flow hierarchy? The flow chart that shows how to allocate your money by priority.. Which has the top priority?
Needs
Bills
Wants
Savings
What is the name of the budgeting method we covered?
Being able to spend money on things that align with your values and goals is called
(a)
A starter emergency fund should be...
$1,000
1 month of income
3 months of necessary expenses
1 month of necessary expenses
Putting aside a small amount of money every month to fund a larger goal is called a
(a)
Where should you stash your emergency fund?
invest it
in your savings account
in cash
in a HYSA
The debt payoff strategy that focuses on paying off the loan with the highest interest rate first is called
(a)
The debt payoff strategy that focuses on paying off the loan with the lowest balance first is called
(a)
What is the highest weighted factor that goes into determining your credit score?
payment history
credit utilization
lines of credit
age of credit
The number used to track your financial health
(a)
Share a money win you have had in the past month
What is the next goal you are working towards? (be specific! what are you physically going to do to get there?)
How are you feeling about the holiday season coming up? What is your plan to go about it?
What is an example of what someone might do if they had a negative money mindset?
