MONEY MANAGEMENT

Money Management Concept

5

What financial document shows what you own and owe?

A) Resume
B) Balance Sheet
C) Pay slip  

B) Balance Sheet

Financial Record

4

How long should you keep tax return documents?

A) 1 year
B) 6 years
C) Forever  

B) 6 years

5

What’s an example of a home financial record?

A) Game scores
B) Insurance policy
C) Grocery list  

B) Insurance policy

Balance Sheet & Net Worth

5

What’s a way to increase your net worth?

A) Spend more
B) Borrow more
C) Pay off debt  

C) Pay off debt

Cash Flow & Budgeting

5

What’s an example of a variable expense? 

A) Loan installment
B) Grocery shopping
C) Rent

B) Grocery shopping

Savings & Financial Goals

4

What is "pay yourself first" about? 

A) Buy something
B) Save before spending
C) Pay your friend

B) Save before spending

5

Which of the following helps build a habit of saving? 

A) Saving randomly
B) Saving only in December
C) Automatic savings

C) Automatic savings