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WorksheetsCreating a personal budget
Total questions: 11
Worksheet time: 6mins
Which of the following refers to personal belongings which have value?
Assets
Liabilities
Net Worth
Net profit
Which of the following is an example of a personal asset?
Credit card balance
Mortgage
Cash
Rent
An individual has total assets of $120,000 and total liabilities of $80,000. What is
his net worth?
$30,000
$40,000
$50,000
$60,000
Which of the following is considered to be a short-term goal?
Saving for a college education
Saving for a retirement fund
Starting a new career
Saving for a family vacation
Which type of people likes to plan for the future and are prepared for any type of
financial situation?
Flyers
Security seekers
Risk Takers
Spenders
Which of the following refers to individuals who do not consider money as a
necessity and do not have much of an opinion on money?
Flyers
Security seekers
Risk takers
Spenders
What does “A” represent in SMART goal setting practices?
Analyzed
Adaptable
Attainable
Achieved
Which of the following is considered to be a long-term financial goal?
Paying a specific amount on a credit card bill
Saving for a retirement fund
Buying a new car
Saving for a family vacation
Which step of the financial planning process involves devising strategies to help
accomplish financial goals?
Reviewing the plan
Finalizing the plan
Identifying courses of action
Determining financial situation
Which of the following is the last step in creating a personal financial plan?
Balancing income and expenses
Creating financial goals
Implementing the budget
Revising the plan
What are you looking forward to doing on your spring break?
Sleeping in
Playing Video Games
Traveling
Relaxing
