Module 8

Identify the "want" items

D. 1 3 4 7 9

Which statements about credit cards are correct?

D. All of the above

88%

congrats

According to the department of labor finishing even one year of college raises the average persons income a lot for the rest of the persons life

true

Chose the right way to cut your variable expenses?

A. 1 2 5 6

Next Saturday, you have four choices, which choice should you make?

A. attend a summer job fair

Select all the actions that show you are doing your homework properly

C. 1 4 6

Which of the following statements is true?

C. 1,3,4,6

By not negotiating the price of your car you have a $1,00 bad money burn. How long would it take to earn back the thousand dollars you threw away if you make $10.00 per hour?

C. 100 hours

Choose the options that make sense.

C. 2 3 4

Which expenses are "fixed"

C. 2 3 4

Which of the following statements is true?

C. 2 3 5 6 7

Which items would be a good reason to keep track of personal spending

C. All of the above

We've talked a lot about impulse buying and its negative impact on both your budget and your savings. Identify each expense as an "impulse" or "smart" decision.

B. 1,3,4,5 and 6 are impulse expenses and 2 is smart

what shows bad money burns

B. 2 3 4 6

Check the answer identifying habits we talked about..

B. 2 4 6 7

Which statement is true?

B. Having a savings plan and a budget won't do much good if you don't know how to spend money wisely

Which of these choices shows the best critical thinking skills

B. You attend a meeting of young consumer advocates.

What was the biggest thing you can do?

B. You can try to lower your variable expenses since it is easier to lower variable than fixed expenses

you want a new cell phone. Which of these sources would be the most dependable?

B. You research "cell phone reviews" and pay attention to the comments from people who have nothing to do with the manufacturer

which of the four choices should you always pay first?

C. Pay yourself first

Which is the best answer?

D. For most companies, the purpose of advertising is to highlight the good things about the company;s products or services. It is not the job of those companies to tell you the bad things about their products or services

Which answer illustrates "compound interest"

D. You earn interest on the money in your savings account. Then in addition you earn interest on the interest

In this module we say "good" money burn means you spent money wisely.

D. you shop around and buy a pair of the exact same designer jeans at a thrift shop, and they cost virtually nothing.

Which statement is true?

It doesn't do much good to have a savings plan if you don't know how to budget your money

if your in a poor family you have poor money skills, it is time to take control of your spending habits

true