WorksheetsYou and YO Money!!
Total questions: 21
Worksheet time: 11mins
True
If Ryan's take-home pay is $3600, what percentage does he pay for rent if rent is $900.
25%
4%
0.04 %
0.25 %
Ryan would like to save 15% of his take-home pay towards retirement. How much should he save each month if he makes $5,000 each month?
$750
$75,000
$1125
$75
It is not important to consider saving money for the future.
True
False
A plan on how to spend and save money
Saving
Spending
Budget
Income
Basic needs that a household must pay for such as housing, groceries, healthcare, utilities, etc.
Spending
Saving
Expenses
Budget
Setting money aside to use in the future
Budget
Expense
Income
Saving
How much money should you save for emergencies?
2 months worth of expenses
6 months worth of expenses
Cash in whatever stocks you have to pay for an emergency
As a neighbor for a loan if needed
What is the highest credit score you can achieve?
800
1000
850
550
Which is NOT a credit agency that calculates your credit score?
Experian
Federal Reserve
Trans Union
Equifax
What is credit?
Receiving goods and services now and paying for them later
The process of depositing money into your savings the day you receive it so you have savings later
Having ownership of a company based on how many stocks you have bought
Accumulating money each month for emergencies
Why is maintaining good credit important?
Can help you graduate from college
Allows you to carry more cash than usual
Allows you to buy expensive items and pay over time
Might cause your interest rates to be raised
For credit cards, it is better to have a higher APR % (interest rate)
TRUE
FALSE
Why is it better to pay off credit card purchases quickly? CHECK ALL THAT APPLY
If you don't pay quickly, the money you owe will keep increasing
Missed payments will lower your credit score
It will make your stock prices go up
If you don't pay your credit card bills, you may not be able to buy a car or house in the future
