Managing Personal Finances
Master Your Money: A Personal Finance Quiz
Are you ready to test your knowledge of personal finance? This engaging quiz will help you understand the basics of managing money, distinguishing between needs and wants, and making informed shopping decisions.
Key topics include:
- Necessities vs. luxuries
- Understanding sales and discounts
- Fixed vs. variable expenses
What does it mean when an item is on sale?
The item is not available
The price of the item has been marked down
The item is more expensive than the tag price
The item is an African Lion
What does the word "limit" mean when shopping?
The item is on sale
The customer may only purchase a certain number/amount of the item
The grocery item is about to expire
The item is only sold at this store location
Ketchup is marked down from it's original price of $3 to the sale price of $1. How much will you save if you buy the ketchup on sale?
$2
$5
$1.50
$3
Kyle's mom gave him $20 this morning. He already spent $10 on a hamburger and fries. How much money does Kyle have left?
$20
$5
$2
$10
True or False: Income is money you spend
True
False
Which is these items is a fixed expense?
Phone Bill
Gas money
Which of these items is a variable expense?
Food
Rent
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