Deca 1-9

Front

In order to get spending under control, a person should first:

Back

create a budget of current income and expenses.

Front

Comparison shopping for a car is necessary because

Back

the price for the car can vary a great deal.

Front

Financial planners generally stress the importance of starting to save and invest early because

Back

of the power of compounding and appreciation.

Front

An important feature of a good financial goal is that the goal

Back

has a specific time frame.

Front

Purchasing power decreases and it costs more money to buy goods when there is

Back

inflation.

Front

What strategy can help a person achieve her goal to buy a house? Options: A. Using credit cards to pay for expenses. B. Paying for large purchases in cash. C. Following a budget that allows for savings. D. Applying for more credit cards to increase her credit score.

Back

Following a budget that allows for savings.

Front

A college student has to live on a tight budget. Before making a decision to buy the newest cell phone, which question should he ask himself first?

Back

Is the new cell phone a need or a want?

Front

Which of the following quotes is sound financial advice? A. “He who hesitates is lost.” B. “A penny saved is a penny earned.” C. “Don’t put off today what can be done tomorrow.” D. “The window of opportunity may only open once.”

Back

A penny saved is a penny earned.

Front

Fixed expenses include: food, vacations, entertainment, or rent?

Back

rent.