What is money management?

set up payments so your accommodation costs, bills and debts will be paid

financial support for emergencies

a plan showing your income, bills, savings, etc.

What is ASUP (accommodation supplement)?

a benefit entitlement that aids in covering board/rent costs

What is a credit score?

number based on your ability to pay debts

a fee that money lenders charge you to get loan

when yp/ypp payments go straight to landlord/boardlord

What is the budgeting incentive? (select ALL that apply)

an incentive you can apply for after 3 months, $10 per week, an incentive you can apply for after completing the budgeting program

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Budgeting Program YP/YPP (30 sec)

15 termsStudBud Administration128 plays

15 question quiz to test knowledge of budgeting program attendees. (Approx. 30 minutes).

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Questions 15

Answers

1
What is another term for getting finance?
money you don't have to pay back
When you get a loan
having bad credit
when a person or organization cannot pay debts owed
2
What is money management?
set up payments so your accommodation costs, bills and debts will be paid
when you owe money to the money management program
when your YP/YPP payments go directly to your bank account
when a family member or caregiver manages your money
3
What is hardship?
financial support for emergencies
benefit for students
benefit for buying new phone
a supplement for new car loan
4
What is a budget?
a term used that means you have bad credit
a food brand
an app for money
a plan showing your income, bills, savings, etc.
5
What is debt?
having bad credit
money you owe
6
What is ASUP (accommodation supplement)?
financial support for home-owners
a benefit entitlement that aids in covering board/rent costs
a benefit for holiday accommodation
a supplement for accommodating pets
7
Select ALL incomes!
ASUP
redirection to boar-lord/land-lord
YP/YPP benefit
hardship
8
What is a credit score?
number based on your ability to pay debts
number based only on their job
number based only on your ability to save money
number based on your location
9
While on money management ALL money goes onto your payment card
False
True
10
What is interest?
money you owe to the govt
a fee that money lenders charge you to get loan
money you get back for paying loan
a one time payment
11
What is redirection?
when a payment is missed
when yp/ypp payments go straight to landlord/boardlord
a form showing all out-going payments
when extra money is put into your bank account
12
Having good credit gives the ability to borrow money
True
False
13
Interest is money you get back once loan is paid
False
True
14
What is the budgeting incentive? (select ALL that apply)
$5 per week
an incentive you can apply for after 3 months
$10 per week
an incentive you can apply for after completing the budgeting program
15
You can be blacklisted if you go to tribunal
True
False

Budgeting Program YP/YPP (30 sec) Flashcards | StudBud