Lifeskills For CAregivers And Youth: Money Management - Spending Success (CA)
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- 1.
Daily choices have a big impact on how you reach your goal
- A.
True
- B.
False
Correct Answer
A. True -
- 2.
Eating out includes
- A.
Getting a snack when you fill up your car at the gas station
- B.
Grabbing a large coffee on the way into work
- C.
Going to a nice sit-down restaurant
- D.
All choices are correct
Correct Answer
D. All choices are correct -
- 3.
Which of the following should not be prioritized in your spending plan?
- A.
Food
- B.
Shelter
- C.
Medication
- D.
Entertainment
Correct Answer
D. Entertainment -
- 4.
To assist youth in setting their own financial goal, you should help them
- A.
Identify a realistic end result
- B.
Write down the anticipated cost of what they want to achieve
- C.
Realize that setbacks may happen and they may need to adjust their goals
- D.
All choices are correct
Correct Answer
D. All choices are correct -
- 5.
The Pocket Tracker is used to
- A.
Track your monthly income
- B.
Track your daily/weekly expenses
- C.
Help identify your spending goals
- D.
Track your monthly fixed expenses
Correct Answer
B. Track your daily/weekly expenses -
- 6.
It is important that you always
- A.
Save at least $100 per month
- B.
Save at least 10% of your income
- C.
Pay yourself first, and put something into savings
- D.
Open a savings account
Correct Answer
C. Pay yourself first, and put something into savings -
- 7.
Your monthly spending plan is made up of which three types of expenses?
- A.
Fixed/Flexible/Emergency
- B.
Food/Clothing/Shelter
- C.
Entertainment/Transportation/Utilities
- D.
Planned/Miscellaneous/Necessary
Correct Answer
A. Fixed/Flexible/Emergency -
- 8.
Your credit cards can be used a supplemental income when you need it.
- A.
True
- B.
False
Correct Answer
B. False -
- 9.
To achieve your spending goals you need to
- A.
Keep your spending goals in mind
- B.
Know the difference between wants and needs
- C.
Track all of your spending
- D.
All choices are correct
Correct Answer
D. All choices are correct -
- 10.
The presenter recommends that if you have extra money at the end of the month, you should use it
- A.
To celebrate your spending within your plan
- B.
To pay off other outstanding debt
- C.
As a down payment on your next purchase
- D.
Change next month’s spending plan so you don’t have anything left over AGAIN
Correct Answer
B. To pay off other outstanding debt -
Quiz Review Timeline +
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
-
Feb 10, 2020Quiz Edited by
ProProfs Editorial Team -
Feb 27, 2015Quiz Created by
Qpicalifornia
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