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Duplicate of Budget
Which of these does a budget do?
In 2010 what was the average credit card debt?
Duplicate of Budget
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Budget
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Answers
1
In 2010 what was the average credit card debt?
$1,678
$10,983
$15,519
$29,934
2
Which of these does a budget do?
Help you reach your financial goals
Send you into debt
identify wasteful purchases
3
The average American will now pay more than ______ in interest over the course of a lifetime!
$1,000
$100,000
$5,000,000
$600,000
4
According to College Board, how much does one year of college tuition cost? (AVERAGE)
$16,000
$11,987
$4,780
$9,650
5
College graduates with a bachelors degree earn how much more than a high school graduate?
79%
10%
45%
66%
6
Which of these is a need? (More than one)
Food
Car
Shelter
Water
7
According to the Census Bureau without a high school diploma you will make an average income of
32,365
$20,241
$38,947
$29,886
8
The average American spends how much money on fast food each year?
$900
$1,200
$800
$1,100
9
A dollar bill lasts only how many months before wearing out?
87
64
18
13
10
What is a budget?
a summary of income and expenses for a given period.
Another name for a college loan
An account at the bank used to save money
11
How much do experts say you should save of your income?
30%
10%
20%
15%
12
What year was the Federal Reserve system created?
1912
1776
1913
1767
13
One of the most important steps in budget planning is deciding......
what new products are coming out in the next month
your wants versus your needs
what bank to open a savings account in
14
What was the largest bill ever in circulation in the US?
$10,000
$1,000,000
$5,000
20,000
15
When creating a budget, what is your first step?
Taking out a bank loan
Getting a job
Identify your goals
16
In terms of loans, what is "interest"?
Money paid in exchange for borrowing money.
Discounts off your loan for on time payments
A way to apply to get out of paying student loans back
17
What does tuition actually buy you?
just your classes
classes + dorm + food + books
Your classes+ dorm room
classes + dorm + food
18
You decide you want to buy a car, per to research, how much does the average new car cost?
$20,000
$40,000
$10,000
$30,000
19
Experts estimate that it costs how much to raise a child until they are 18?
$325,000
$25,000
$295,000
$225,000
20
When were credit cards first used?
1950s
1940s
1910s
1920s
21
Which of these loans have interest?
Credit Card
All of the above
Car
College
22
Sadly, college is currently more expensive than ever; which of these can give you FREE College?
College Credit Plus
All of the Above
Tech Prep Classes
AP Classes
23
Which of these can help you pay for college?
Loans
Grants
Scholarships
All of the above
24
Occupations that regularly check an applicant’s credit score are?
transportation systems
law enforcement
all of the above
military
