The sooner you begin saving, the more time your money has to grow.
Chapter 8 Budget Busters

Quiz
•
Financial Education
•
8th Grade
•
Medium
Danna Taylor
Used 4+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Disposable income is the amount of money left after paying all current necessities, such as rent, food, and clothing.
True
False
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Net worth is the value of all of your liabilities minus your assets.
True
False
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Short-term savings is money you put away for major expenses in the future.
True
False
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The amount earned on the principal savings or investment is called interest.
True
False
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The concept of paying into your savings first, and then living on the remainder of your take-home pay is called:
Net pay
Pay Yourself First
Long-term savings
Disposable income
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
Which of the following is considered to be an asset?
Bank account
Apartment
Student loan
Cell phone contract
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