Budgeting

Front

How do wages and salary differ?

Back

Salary describes what you earn on an annual basis

Front

What is TRUE about gross income and net income?

Back

Gross income is the total amount earned BEFORE deductions

Front

According to a rule of thumb, rent/housing shouldn't take up more than ___ % of your take-home pay.

Back

15-20%

Front

What is typically NOT covered under renter's insurance? Options: A friend slips and twists his ankle in your living room, Your apartment is broken into and your laptop is stolen, A fire destroys 80% of your belongings, Your apartment is flooded, destroying your furniture.

Back

Your apartment is flooded, destroying your furniture.

Front

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

Back

Utilities

Front

Why has Justin decided not to own a car?

Back

He can walk or take public transportation because he lives in a big city.

Front

About how much of your income should go towards transportation?

Back

15-20%

Front

Jenna wants to decrease the amount of $ she spends on food. Which of the following would help? Options: Decide what she will make for dinner that same day, Go to the grocery store with a list and compare prices, Go to the store whenever she needs 1-2 items, Eat at fast food restaurants multiple times a week

Back

Go to the grocery store with a list and compare prices

Front

Which of the following is TRUE about unit pricing?

Back

Unit prices can help you compare the prices of similar items

Front

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

Back

About $2.50