Budget

Question 1

The average American spends how much money on fast food each year?

Accepted Answer

$1,200

Question 2

According to the Census Bureau without a high school diploma you will make an average income of

Accepted Answer

$20,241

Question 3

What year was the Federal Reserve system created?

Accepted Answer

1913

Question 4

According to College Board, how much does one year of college tuition cost? (AVERAGE)

Accepted Answer

$9,650

Question 5

One of the most important steps in budget planning is deciding......

Accepted Answer

your wants versus your needs

Question 6

Which of these can help you pay for college?

Accepted Answer

All of the above

Question 7

What was the largest bill ever in circulation in the US?

Accepted Answer

$10,000

Question 8

What does tuition actually buy you?

Accepted Answer

just your classes

Question 9

Experts estimate that it costs how much to raise a child until they are 18?

Accepted Answer

$225,000

Question 10

You decide you want to buy a car, per to research, how much does the average new car cost?

Accepted Answer

$30,000

Question 11

What is a budget?

Accepted Answer

a summary of income and expenses for a given period.

Question 12

Who was the first secretary of the treasury?

Accepted Answer

Alexander Hamilton

Question 13

When were credit cards first used?

Accepted Answer

1920s

Question 14

In terms of loans, what is "interest"?

Accepted Answer

Money paid in exchange for borrowing money.

Question 15

Sadly, college is currently more expensive than ever; which of these can give you FREE College?

Accepted Answer

All of the Above

Question 16

A dollar bill lasts only how many months before wearing out?

Accepted Answer

18

Question 17

Which of these loans have interest?

Accepted Answer

All of the above

Question 18

College graduates with a bachelors degree earn how much more than a high school graduate?

Accepted Answer

66%

Question 19

When creating a budget, what is your first step?

Accepted Answer

Identify your goals

Question 20

In 2010 what was the average credit card debt?

Accepted Answer

$15,519

Question 21

The average American will now pay more than ______ in interest over the course of a lifetime!

Accepted Answer

$600,000

Question 22

Occupations that regularly check an applicant’s credit score are?

Accepted Answer

all of the above

Question 23

How much do experts say you should save of your income?

Accepted Answer

10%

Question 24

Which of these does a budget do?

Accepted Answer

Help you reach your financial goals, identify wasteful purchases

Question 25

Which of these is a need? (More than one)

Accepted Answer

Food, Water, Shelter

Question 26

You want to buy a basic iPhone 5; according to research how much does that cost over a year?

Accepted Answer

Between $1,000-$2,500

Budget

Questions 26

Budget

Questions 26