WorksheetsPersonal Finance End of Year
Total questions: 20
Worksheet time: 10mins
Personal finance is 20% head knowledge about money. What's the other 80%?
Cash in the bank
Experience
Behavior
Relationships
The Five Foundations provide a simple ____ to help you win with money.
Action plan
Guide for investing
Suggestion
Educational course
A ____ expense stays the same from month to month.
Variable
Intermittent
Discretionary
Fixed
What's your biggest wealth-building tool?
Investments
Savings account
Income
Inheritance
What will tracking expenses help you do?
Stick to a budget
Catch errors
Make adjustments
All of these
The First Foundation is: Save a ____
$5,000 emergency fund
$500 emergency fund
$1,000 emergency fund
$100 emergency fund
What two elements do you need to build wealth through compound growth?
An inheritance and a lawyer
Money invested and good stocks
Money invested and time
Time and a wealthy relative
With a debit card, you can do everything you can do with a credit card except what?
Rent a car
Stay at a hotel
Fly on an airplane
Go into debt
I need to have a FICO score.
True
False
What's the main reason why people have trouble being content?
Comparison
Income
Marketing
Patience
_______ is when someone else uses your personal information to commit fraud.
Card fraud
Card skimmer
Identity theft
Mail stealers
Your social media posts, your style, and your speech all help to build what?
Hard skills
Career
Personal Brand
Resume
What should you do to win a job interview?
Dress super trendy
Chew gum
Avoid eye contact
Ask questions
You can remain on your parents' health insurance plan until you are:
21 years old
25 years old
26 years old
29 years old
Which insurance covers you if you're injured and can't work for a period of time?
Disability
Long-term care
Renters
Term life
_____ is your total pay before taxes and withholdings are taken out.
Net income
Earned income
Passive income
Gross income
Which form is used to calculate how much income tax is withheld from your pay?
Form W-2
Form W-4
Form 1098
Form 1099
____ are made up of a pool of money from a group of investors to invest in stocks, bonds, money markets, and similar assets.
Certificates of deposit
Single stocks
Bonds
Mutual Funds
You should invest ____ of your income for retirement.
10%
15%
20%
25%
The most important personal finance lesson is:
Spend more than you make
Do not have a plan
Stay away from debt
Wait to invest
