Your Future, Your Finances (NV)

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1. When should you review your spending plan?

Monthly and throughout the month

Only on the first day of each month

Once a year

Never. A spending plan will basically always stay the same

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2. What first name or nickname would you like us to use?

You may optionally provide this to label your report, leaderboard, or certificate.

2. What happens if you see you overspent on a need in your spending plan?

You need to file for bankruptcy

You will have to take out a payday loan to cover the extra costs

There’s no need to keep a spending plan if you’re not able to stay within your projected expenses

3. What is a good strategy for preparing your spending plan?

4. Before you can write an effective spending plan, you must first:

Make at least $25,000 per year

Identify needs and wants

Speak with an accountant

Purchase a computer to track your income and expenses

5. What is one reason your needs might change?

Having a baby

Getting a pet

Being diagnosed with a medical condition

All choices are correct

6. Which of the following is a good way to improve your credit score or maintain a good credit score?

Only apply for credit when you need it; multiple credit applications can drop your score

Do not max out credit cards

Make payments on time and keep your balances as low as possible

All choices are correct

7. A credit report is basically a report card that shows how well you pay off your debts.

True

False

8. Which of the following weighs heaviest in calculating your credit score?

Length of credit history (how long you’ve had credit with a bank or lending organization)

Amount owed (how much money you owe on credit cards, houses, cars, etc.)

Payment history (how well you payed off your debts, if you made late payments, etc.)

Types of credit in your name (mortgage, car loan, credit card, etc.)

9. What is one good reason to go to www.AnnualCreditReport.com and request your credit report?

You can use your credit report to see if you have stayed on budget

Most places charge up to $50 for a credit report, but at www.AnnualCreditReport.com, a report is only $10

All choices are correct

10. The things people want are different, but their needs are the same.

True

False

Thank you for your feedback!

Your Future, Your Finances (Nv)

1. When should you review your spending plan?

2.

What first name or nickname would you like us to use?

2. What happens if you see you overspent on a need in your spending plan?

3. What is a good strategy for preparing your spending plan?

4. Before you can write an effective spending plan, you must first:

5. What is one reason your needs might change?

6. Which of the following is a good way to improve your credit score or maintain a good credit score?

7. A credit report is basically a report card that shows how well you pay off your debts.

8. Which of the following weighs heaviest in calculating your credit score?

9. What is one good reason to go to www.AnnualCreditReport.com and request your credit report?

10. The things people want are different, but their needs are the same.