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Personal Finance 3 Test Review Flashcards | StudBud

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Personal Finance 3 Test Review

10 terms·StudBud Administration·270 plays

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Questions 10

Answers

1
Which does not illustrate proper Behavior Modification?
Charging Credit Cards
Shopping at Aldi for groceries
Getting a second job
Getting a roommate
2
If your Life Cycle is young adult, which should be a priority?
Focusing on Retirement Investing
Raising kids
Establishing Career
Eliminating credit debt
3
Of the following, which should be dedicated the highest budget allowance?
Entertainment and Education
Household
Gifts and Charities
Food
4
Which is NOT a variable expense?
Rent
Groceries
Medical Bills
Gasoline
5
Which is NOT a short term financial goal?
Taking a spring break trip
Buying a new laptop
Buying a New car
Throwing a graduation party for friends
6
Which of these best illustrates Luxury buying?
Louis Vuitton Luggage
Soccer Cleats
Eating out at Burger King
Laptop for College
7
Which of the following IS a liability?
Cash in Savings
Clothes and Shoes
Car
Student Loan
8
Which is NOT a step to Money Management?
Evaluation
Behavior Modification
Determining Current Status
Prioritizing
9
Which is NOT an asset?
Gift Cards
Home Mortgage
Castle
Car
10
Which of the following is a Financial Resource?
Children
Job
Electric Bill
Car Payment