OKMM – Budgeting Quiz

Step 1 of 6 - Question 1

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How would you like to take this quiz?(Required)

Just practicing

Track for my class

Email Address(Required)

Your quiz scores will be saved. When you finish all quizzes in a topic, your teacher will receive a summary of your results.

FAFSA Purpose: Why do students fill out the FAFSA form?(Required)

To see if they qualify for federal and state financial aid for college

To apply for a car loan

To authorize a credit check

To register for college classes

SMART Goals: What does SMART stand for?(Required)

Simple, Manageable, Achievable, Reliable, Thoughtful

Specific, Measurable, Attainable, Relevant, Time-based

Special, Meaningful, Action-based, Realistic, Timed

Strategic, Motivated, Accurate, Reasonable, Thorough

Cost-Benefit Analysis: When you're paying for a college class or technical training, which of these is a benefit (the good thing you get)?(Required)

You can skip tests and assignments

You are guaranteed a job after graduation

You don't have to study as much

You are investing in your future earning potential

Tracking Income & Expenses: You need to keep track of fixed and variable expenses. Which tool or method works best?(Required)

Waiting until the end of the month to check your credit card statement

Guessing how much you spend each month

Keeping all your receipts in a shoebox and never looking at them

Using an app or spreadsheet to track your spending

Budget Components: Which item usually doesn't belong in a family budget?(Required)

Buying name-brand clothes

Taxes you owe

Money set aside for emergencies

Charitable donations

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