Personal Money Management

Front

Which of the following statements is not true?
People who live paycheck-to-paycheck do not have a lot of stress.
Prices of goods and services rise and fall depending on how well the economy is doing.
Money is worth more than the paper it is printed on.
Each type of currency has a different value, and the values change all the time.

Back

People who live paycheck-to-paycheck do not have a lot of stress.

Front

What do you need in order to maintain a certain standard of living? Options: variable income, fixed expenses, financial wants, financial needs

Back

financial wants

Front

You can use the decision-making process for financial decisions. What's the first step of the decision-making process?

Back

Identify the decision to be made.

Front

Which of the following is not a reason you should buy something? Options: because you need it, because you believe it will make you or someone else happy, because it has value to you, because it is on sale

Back

because it is on sale

Front

Which of the following is an example of a fixed expense? food, clothes, rent, gasoline

Back

rent

Front

If you want to keep track of your budget on a computer, which software package would be good to have? Options: Quicken, GarageBand, Excel, PowerPoint

Back

Quicken

Front

How many months do you generally have to cash a check?

Back

six

Front

Which of the following is not included on most pay stubs? personal information about the employee, information about deductions, information about earnings, endorsements

Back

endorsements

Front

Which method of payment is best for purchases made over the Internet? Options: credit card, electronic funds, debit card, all of the above

Back

all of the above

Front

True/False: All money is made out of paper and metal.

Back

False