WorksheetsAndy's Financial Recap Quiz
Total questions: 10
Worksheet time: 6mins
If your expenses is greater than your income, the first thing you should do is...
Reduce your fixed expenses
Reduce your variable expenses
Increase your income
Borrow money
What are SMART goals?
Specific, Measurable, Achievable, Relevant, Time-based
Paying tax is important because
It is important to file a tax return at the end of each financial year because (multiple choice)
You might have paid too much in taxes
You might have paid too little in taxes
You might have deductions you can claim to reduce your taxable income
ATO loves paperwork
What should you consider when choosing a superfund?
Past performance
'AA' rating
Fees
APRA certified
Salary sacrificing is when you
Reduce your salary in order to work less hours.
Reduce their working hours but keeping the same salary.
Agree to give up part of your salary in exchange for non-cash benefits
When buying and selling on Gumtree, Facebook, etc, what are some steps you can take to avoid being scammed?
Cash in person only.
Avoid sending money online
Never pay for a 'deposit' or 'holding' fee.
Make sure that the money has cleared in your account before handing over the items.
A phishing scam is designed to
scam you out of your money
make you think you can 'get rich quick'
trick you into giving out personal information
commit financial fraud
Which one of the following is NOT a benefit of using credit card?
Convenience
Purchase protection
Insurance
Fees and surcharges
Which one of the following is NOT a secured loan?
Credit card
Margin loan (for stocks)
Home loan
Car loan
