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.

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

Strategic, Motivated, Accurate, Reasonable, Thorough

Simple, Manageable, Achievable, Reliable, Thoughtful

Specific, Measurable, Attainable, Relevant, Time-based

Special, Meaningful, Action-based, Realistic, Timed

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 authorize a credit check

To apply for a car loan

To register for college classes

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

Using an app or spreadsheet to track your spending

Guessing how much you spend each month

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

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

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 don't have to study as much

You can skip tests and assignments

You are investing in your future earning potential

You are guaranteed a job after graduation

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

Buying name-brand clothes

Charitable donations

Money set aside for emergencies

Taxes you owe

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