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EverFi 2: Smart Money Habits Flashcards | StudBud

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Which of these expenses would be considered an emergency?

Jasmine categorizes spending by needs, wants, and savings and debt. . What money management strategy is she following?

EverFi 2: Smart Money Habits

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Answers

1
Jasmine categorizes spending by needs, wants, and savings and debt. . What money management strategy is she following?
1) the envelope method
3) managing money
4) pay yourself first
2) 50-30-20 rule
2
Which of these expenses would be considered an emergency?
4) new shoes
2) insurance
3) car repairs
1) a broken TV
3
. Which list describes needs?
3) Entertainment, electronics, food
2) Warmth, entertainment, shelter
1) Shelter, warmth, food
4) Electronics, food, shelter
4
How is money divided using the 50-30-20 Method?
3)Savings, expenses, emergencies
2) Needs, stocks, bonds
1) Needs, wants, savings
4) Wants, needs, retirement
5
What money management strategy should Tarik use if he is being paid in cash?
2) Envelope Method
1) 50-30-20 Method
3) Investing in stocks
4) Avoiding debt
6
How is money divided using the 50-30-20 Method?
1) Needs, wants, savings
2) Needs, stocks, bonds
4) Wants, needs, retirement
3)Savings, expenses, emergencies
7
Alida works from home. Which item is a want for her?
2) Internet
4) streaming service
3) Groceries
1) Cell phone