Final Review

Front

Which of these is an example of a fixed expense?

Back

The insurance premiums you pay every month

Front

Your apartment rent, tickets to a concert, a pepperoni pizza, and your cell phone bill are all examples of...

Back

Expenses

Front

Which item has the lowest unit price? Options: A 19 oz box of brand-name cereal for $3.99, A 21.6 oz box of generic cereal for $2.93, A 29.4 oz box of brand-name cereal for $4.99, A 39 oz bag of generic cereal for $4.68

Back

A 39 oz bag of generic cereal for $4.68

Front

Which strategy is Raina using when she allocates all of her income toward expenses or saving with no dollar unaccounted for?

Back

Zero-based budgeting

Front

Ways to balance a budget when expenses exceed income (EXCEPT):

Back

Borrowing money from your friends every month to make up the difference

Front

Which piece of advice about budgeting for variable expenses is most useful?

Back

Track your variable expenses for a few months to find your average monthly costs

Front

Which of these statements accurately describes fixed expenses in a budget?

Back

They are often hard to change and they usually make a large impact on your budget

Front

Which of these expenses is typically the largest single expense for American households? Options: Food, Housing, Insurance, Transportation

Back

Housing

Front

A household is defined as housing-burdened if their housing costs are greater than...

Back

30% of their income

Front

Benefits of hourly work, EXCEPT...

Back

Consistent paycheck