Earn
Save
Spend
True or False
Financial Confidence
100

I have to have it before I can spend it. What is it?

What is Money 

100

Saving is what you ____ and ____ for future use. 

What is "keep" and "store up"

100

Spending is the amount of money paid for a particular _____. 

What is "purpose"

100

True or False: Everyone's budget will look different.

True

100

How many steps are there to the Financial Confidence Plan?

10

200

Earning is what you _____ as a result of your actions. 

What is "gain"

200
What amount of money should be in your first emergency fund?

$1,000

200

Why is a zero balance budget important?

So every dollar is accounted for. 

200

True or False: You should put off saving for retirement until later in life. 

False; Saving for retirement should be what you start working on after your emergency fund. Unless you have a job that offers 401K matching. 

200

What is the equation for a zero balance budget?

Income - Expenses = Zero

300

Name two sources of income from the presentation. 

•Base pay/Salary

•Incentives

•401k Bonus/Company Match

•Side Hustle*

•Entrepreneurship*

•Real Estate*

•Re-Sale Items*

•Etc.

300

Outside of Emergencies, name two additional reasons to save.

Retirement

Vacation

Large Purchases

Holidays

Special Occasions

300

On average, how long does it typically take to adjust to a budget?

3-6 months

300

True or False: A budget's aim is to keep your expenses higher than your income. 

False; The goal is to follow a zero balance budget. Every dollar has a purpose. 

300

What is one step that you do not have to follow in order?

Contributing to your retirement; If your employer offers 401K contribution match, you should take part in it. 

400

Name three soft skills for success. 

•Strong Work Ethic

•Positive Attitude

•Good Communication Skills

•Time Management

•Acting as a Team Player

•Flexibility/Adaptability

•Self-confidence

400

What percentage of Americans have less than $1,000 in their savings?

42%

400

Who said "A budget is just telling your money where to go, instead of wondering where it went."

John Maxwell

400

True or False: After all unsecured debt is paid off, you should purchase a home. 

False; You need to first work on building your 6 month emergency fund. 

400

Which of these comes first: Purchasing a Home or Paying off Secured Debt? 

Purchasing a Home

500

What are three words used in the crossword puzzle in the presentation?

Skills, Abilities, Knowledge

500

Who said "Do not save what is left after spending, but spend what is left after saving."

Warren Buffet

500

What are the five steps to creating a budget?

1. Get Organized

2. List Income

3. List Expenses

4. List Savings

5. List Debt

500

True or False: Gross income is the money you receive after taxes have been taken out. 

False; Gross income is your total income prior to any deductions or taxes.

500

What is the most important step of the Financial Confidence Plan?

Stick to the Plan