Lifeskills For CAregivers And Youth: Money Management - Spending Success (CA)
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Daily choices have a big impact on how you reach your goal
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True
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False
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- 2.
Eating out includes
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Getting a snack when you fill up your car at the gas station
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Grabbing a large coffee on the way into work
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Going to a nice sit-down restaurant
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All choices are correct
Correct Answer
A. All choices are correct -
- 3.
To achieve your spending goals you need to
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Keep your spending goals in mind
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Know the difference between wants and needs
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Track all of your spending
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All choices are correct
Correct Answer
A. All choices are correct -
- 4.
Which of the following should not be prioritized in your spending plan?
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Food
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Shelter
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Medication
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Entertainment
Correct Answer
A. Entertainment -
- 5.
To assist youth in setting their own financial goal, you should help them
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Identify a realistic end result
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Write down the anticipated cost of what they want to achieve
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Realize that setbacks may happen and they may need to adjust their goals
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All choices are correct
Correct Answer
A. All choices are correct -
- 6.
The presenter recommends that if you have extra money at the end of the month, you should use it
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To celebrate your spending within your plan
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To pay off other outstanding debt
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As a down payment on your next purchase
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Change next month’s spending plan so you don’t have anything left over AGAIN
Correct Answer
A. To pay off other outstanding debt -
- 7.
The Pocket Tracker is used to
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Track your monthly income
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Track your daily/weekly expenses
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Help identify your spending goals
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Track your monthly fixed expenses
Correct Answer
A. Track your daily/weekly expenses -
- 8.
Your credit cards can be used a supplemental income when you need it.
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True
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False
Correct Answer
A. False -
- 9.
Your monthly spending plan is made up of which three types of expenses?
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Fixed/Flexible/Emergency
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Food/Clothing/Shelter
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Entertainment/Transportation/Utilities
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Planned/Miscellaneous/Necessary
Correct Answer
A. Fixed/Flexible/Emergency -
- 10.
It is important that you always
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Save at least $100 per month
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Save at least 10% of your income
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Pay yourself first, and put something into savings
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Open a savings account
Correct Answer
A. Pay yourself first, and put something into savings -
Quiz Review Timeline (Updated): Feb 10, 2020 +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
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Current Version
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Feb 10, 2020Quiz Edited by
ProProfs Editorial Team -
Feb 27, 2015Quiz Created by
Qpicalifornia
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