Personal Budget

Front

Which of the following refers to personal belongings which have value? Assets, Liabilities, Net worth, Net profit

Back

Assets

Front

__________ is a personal asset.

Back

Cash

Front

Saoirse has total assets of $120,000 and total liabilities of $80,000. What is her net worth?

Back

$40,000

Front

Which of the following are itemized summaries of the expected income and expenses for a defined period, typically one month? Assets, Liabilities, Budgets, Finances

Back

Budgets

Front

Which would be considered a short-term goal? Options: Saving for college, Saving for retirement, Starting a new career, Saving for a family vacation

Back

Saving for a family vacation

Front

Callum is the type of person who likes to plan for the future and be prepared for any type of financial situation, Callum is most likely a _________.

Back

Security seeker

Front

Budgets rely on balance.

Back

True

Front

Which of the following refers to individuals who do not consider money as a necessity and do not have much of an opinion on money? Flyers, Security seekers, Risk takers, Spenders

Back

Flyers

Front

In SMART, the “A” stands for “attainable.”

Back

True

Front

Which piece of SMART goal setting requires individuals to set a concrete number to assess whether the goal is completed?

Back

Measurable