Question: 1. When creating a budget important things to consider is/are: How often you get paid How much you spend on the little things cost of

1. When creating a budget important things to consider is/are:

How often you get paid

How much you spend on the "little things"

cost of car and or home insurance

All of the above

2.If you just won $1,000,000 in the lottery one of the first things you should do is:

Quit your job

Hire a professional

Purchase a new home

Buy life insurance

3.When paying off debt you should pay the following first:

Student loan with a rate of 6%

Credit card with a rate of 21%

Mortgage with a rate of 3.25%

None of these

4.If you're having trouble paying off debt one of the first things you should do is:

Borrow money from your friends or family

Contact the creditor

Apply for a credit card

Update your budget

5.Suppose you had $100 in a savings account and the interest rate was

2% per year. After five years, how much do you think you would have in the account if you left the money to grow?

More than $102

Exactly $102

More than $120

None of the above

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