What is the first tip for getting control of your spending habits?

Personal Finance Quiz

Quiz
•
Financial Education
•
8th Grade
•
Hard
Salome Nyambura
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Make a budget
Keep track of your spending
Give yourself a limit on unbudgeted spending
Read books about finance
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the benefit of creating a budget?
It's not worth it
It's only for paperwork
It's a lot of work
It helps in managing finances
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the 1% rule for spending money, how long should you wait before making a purchase of over $600 if you make $60,000 a year?
1 week
1 month
1 day
1 hour
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the advantage of saving for a big purchase instead of using a credit card?
No need to save
Higher interest rates
Better financing conditions
No advantage
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the chief advantage of financial literacy?
Higher credit score
Better spending habits
Ability to manage finances
No advantage
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one way to lower your monthly bill?
Shop for groceries at bulk discounts
Accept any loan offered
Ignore fixed costs
Increase energy usage
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the benefit of eating at home instead of dining out?
No benefit
Saves money
More expensive
No time to cook
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