Budgeting Unit Review.

Front

How do wages and salary differ?

Back

Salary describes what you earn on an annual basis.

Front

Which of the following might you pay WHEN you sign your lease? Finder's fee, Application fee, Security deposit, Renter's insurance

Back

Security deposit

Front

Which of the following is NOT a cost of owning a car? License and Registration fees, Gasoline, Utilities, Insurance

Back

Utilities

Front

Which of the following is TRUE about unit pricing? Unit prices can help you compare the prices of similar items , Unit price labels are universal throughout the country , It's easy to compare quantities on a unit price label , All states require unit price labels

Back

Unit prices can help you compare the prices of similar items

Front

A 18oz box of cereal costs $4.99. How would you calculate the unit price?

Back

$4.99 / 18oz

Front

6 cans of tomato soup cost $14.99. What is the unit price?

Back

About $2.50

Front

How does the 50/30/20 rule of thumb for budgeting allocate your income?

Back

50% Needs, 30% Wants, 20% Savings & Debt Repayment

Front

Which of the following is an example of buying something you NEED? "I want to replace something that is no longer working.", "I want to impress someone/ change how they feel about me.", "I'm feeling down, and I need to boost my spirits.", "I don't want to miss out on these deals during the sale!"

Back

"I want to replace something that is no longer working."

Front

Which is NOT a good method of keeping track of your expenses in a month? Options: Using an app like Mint, Using a spreadsheet, Using your debit/credit card statements, Using your memory

Back

Using your memory

Front

Which of the following is used to calculate wealth? Assets - Debts , Debts - Assets, Income - Debts, Income - Assets, Assets - Income

Back

Assets - Debts