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Human Development-101 Money Management Flashcards | StudBud
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Human Development-101 Money Management
Human Development-101 Money Management
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This quiz is for HD-101 students in college. Originally made for AVC and SOAR students.
Flashcards
20 cards
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Practice quiz
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Host live
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Questions
20
Answers
1
BONUS POINT QUESTION: What week of HD-101 are we in (by the time this is supposed to be presented)?
Week 9
Week 12
Week 11
Week 13
2
True or False: Even as a S.O.A.R. student you can still utilize budgeting skills throughout high school and college.
False
True
3
When do you start your credit history?
When you start getting money from your parents.
When you get your first credit card or loan.
When you first start community college.
When you start your bank account.
4
Survey: Do you own a credit card?
Multiple
Yes
No
Too young to have one
5
Is it okay to set aside money for fun things?
Yes
People in college don't deserve fun.
No
Put as much money as you want for fun things!
6
Should everybody have the same financial goal and why?
Yes, anybody of any age should keep the same financial goal.
No, people have different priorities.
No, specialists make more money when people have different goals.
Yes, if everybody is the same financial aid specialists have an easier job.
7
What happens if you have a bad credit history?
You become illegible to get money in the first place.
It becomes harder to get a credit card and car loans.
You have to do community service as punishment.
You have to pay your bank to reset your credit history.
8
What is financial padding?
Money reserved for absolute things, like food, water, gas, etc.
Armor made out of money
Pillow made out of money
Money reserved for unforeseen expenses like car repairs, lost books, etc.
9
What chapters (covered so far) will help you manage your money?
Chapters 2, 4, 6, 8, 10, 12, 14, 16
I was supposed to remember this?!
Chapters 3, 4 & 5, 11 & 12, 7, 15
Chapters 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17
10
What is the difference between debit cards and credit cards?
Debit: Money from school, Credit: Money straight out of the bank
Debit: Money straight out of the bank, Credit: Money from school
Debit: Money straight out of the bank, Credit: Borrowed to be paid later.
Debit and Credit are the same.
11
Is this a Want or Need? (Assume you already have one of these)
Need
I NEED IT SO BADLY!!!!!!!!!!!!!!!!!!!!!!!
My parents want me NOT to have it.
Want
12
Does working while in college enhance your time management skills?
Yes
Yes and No
No
You can't work while in college.
13
True or False: You should stick to your budgeting goals no matter what, without making adjustments.
False
True
14
What are the benefits of a credit card?
It give you superpowers!
It is a big flex on your friends!
It makes you rich!
Saving, Benefits, Building Credit
15
What are two sources of income for college students (As cited in the book)?
Chores and Family Work
Job and Financial Aid
Money Given During Holidays and Donations (Thanks Grandma!)
Streaming Video Games and Gaming
16
FINAL QUESTION: Do you exit out of Quiz after this quiz?
Yes
None of the above
No
Yes if you win
17
Why might owning a credit card be a BAD idea?
Overspending, Debt, and High Interest-Rate
Underspending, Healthy Debt, Low Interest-Rate
You'll be too important to your friends and they're stop being your friend.
You forget to go on vacation once in a while.
18
Is it a good idea to keep multiple credit cards and why?
Yes, to share with friends!
Yes, having more credit cards makes you more responsible.
Yes, the more the merrier!
No, it can be easy to overspend and overwhelming to keep track of the card.
19
What does S.M.A.R.T goals stand for?
Specific, Measurable, Attainable, Realistic, Timely
Science, Math, Art, Reading, Theater
Saving, Mortgage, Accountability, Research, Tuiton
Sulfur, Magnesium, Argon, Radium, Titanium
20
True or False: If possible, it is better to pay debit than credit.
False
True
