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Budget Intro Flashcards | StudBud
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Budget Intro
What would be a good budgeting tool?
What is a SMART financial goal?
Budget Intro
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1
What is a SMART financial goal?
Strategic, Managed, Arranged, Recorded, Tracked
Specific, Measurable, Achievable, Relevant, Time-bound
Simple, Monetary, Accurate, Realistic, Tested
Savings, Money, Assets, Resources, Time
2
What would be a good budgeting tool?
spreadsheet
shopping app
social media
credit card
3
Which was Marty McFly's desired vehicle in "Back to the Future" (1985)?
Mini Cooper
Corvette
Ford Mustang
Toyota 4x4
4
Who won the 2024 World Series?
Braves
Yankees
Dodgers
Phillies
5
Financial Goals help with...
spending more money
prioritizing how you spend money
living paycheck to paycheck
filing bankruptcy
6
Who was the 2024 NFL MVP?
Derrick Henry
Saquon Barkley
Josh Allen
Lamar Jackson
7
What is Homer Simpsons neighbors name?
Tom
Ned
Bob
Sam
8
What is not a typical monthly expense
grocery bills
rent/mortgage
tax return
utility bills
9
Who is Simba's best friend in Lion King?
Timon
Nala
Rafikki
Scar
10
Common budgeting strategy most financial advisors suggest using
60/40
40/40/20
50/30/20
10/90
11
What's the recommended first step in budgeting?
Calculate Income
Start Investing
Buy Insurance
Apply for Loans
12
What is the highest tax bracket?
37%
22%
24%
32%
13
What does the 30% category represent in the 50/30/20 rules
Groceries
Wants
Transportation
Education
14
financial independence
Working in the financial sector
Earning more than your peers
Having multiple credit cards
Being able to meet financial needs without depending on others
15
Which is not a primary color?
blue
red
green
yellow
16
The last year the womens soccer team won the World Cup
2021
2003
2019
2017
17
What characterizes an effective emergency fund?
Used for monthly expenses
Easily Accessible
Borrowed Money
Invested in Stocks
18
What is considered "living below your means"
spending more than you earn
spending exactly how much you earn
spending less than you earn
living in a basement
19
what is income?
money you spend
money you earn
20
Which expense typically falls under "wants" in budgeting?
Mortgage Payments
Entertainment
Groceries
Health Insurance
21
Billboards 2024 top country artist
Post Malone
Luke Combs
Zach Bryan
Morgan Wallen
22
Who is the most recent actor to play batman?
Michael Keaton
George Clooney
Robert Pattinson
Christian Bale
23
How many superbowls have Steelers played in?
8
6
7
5
24
Where is Captain America from?
Los Angeles
San Francisco
Miami
Brooklyn
25
What is net pay?
great pay
bad pay
pay after taxes
pay before taxes
26
What is the second harry potter book in the series?
Sorcerers Stone
Prisoner of Azkaban
Goblet of Fire
Chamber of Secrets
27
What constitute an emergency fund?
3-6 months of living expenses saved
money invested in stocks
retirement savings
credit card limit
28
What's a key benefit of financial independence?
Freedom from financial stress
Ability to spend freely
Higher Social Status
Maximum Credit Limit
29
What year did the Great Depression start?
1903
1929
1951
1937
30
In the 50/30/20 rule, which percentage represents how much you should spend on NEEDS?
20
50
30
31
what is gross pay?
pay before taxes
bad pay
great pay
pay after taxes
32
What should you do if expenses exceed income?
Get more credit cards
Reduce discretionary spending
Ignore the problem
Borrow from a friend
33
what is expenses
money you earn
money you spend
34
What is the primary purpose of tracking expenses?
To impress others
To decrease income
To understand spending patterns
To increase credit score
35
Highest Grossing Movie in 2024 world wide box office?
Despicable Me 4
Moana 2
Inside Out 2
Deadpool & Wolverine
36
What year was Pablo Picasso born?
1881
1922
1914
1939
37
In the 50/30/20 rule, which percentage represents how much you should spend on SAVINGS/DEBT?
30
50
20
38
Tracking expenses will help you...
spend more money
borrow less money
identify spending habits
improve your credit score
39
What is the fastest animal on earth?
Peregrine Falcon
Cheetah
Sail Fish
Mako Shark
40
Which is a sign of good financial health?
Living paycheck to paycheck
Having multiple loans
Regular savings contributions
Maxed out credit cards
41
What is the name of Anyd's neighbor in Toy Story?
Sid
Bill
Dave
Hank
