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Mini-Quiz: Basics of Handling Your Money

by Ron Kurtus (revised 26 November 2011)

Take this Mini-Quiz to check your understanding of the lesson material.

1. What is important for earning a living?

Doing something that requires little effort

Getting paid in cash, so you don't have to pay taxes

Getting paid well by doing what you enjoy

2. Why should you save before you spend?

It will allow you to buy items that are more expensive later

It is a stupid idea, because you should be able to enjoy yourself

It is nice to carry around a lot of cash in your pocket

3. Why is a spending budget a good idea?

It is not a good idea, because you become stingy

It allows you to keep track of where your money goes

Banks require you to turn in your budget each week

If you got all three correct, you are on your way to becoming a Champion in Personal Finances. If you had problems, you had better look over the material again.

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