Everyday Money for Everyday People

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10 points

The first step to rebuild your credit is to?

Decide if you have good or bad credit

Make sure you pay everything off within a year

Make sure your credit report is clean (accurate)

Decide whether your credit is worth fixing

10 points

_____ is a commitment, not an amount.

Spending

None of the above

Saving

Selling

10 points

The book states that “Placing the definition of what we DO with money rather than how we EARN it devalues it in our mind.”

True

False

10 points

___% of American Households spend every penny or more of what they regularly earn.

60%

80%

20%

50%

10 points

In one of the do’s and don’ts section, it states that “Do plan ahead for payments. The more “rushed” the payment, the more we typically pay in fees.”

True

False

10 points

The book teaches 4 simple steps (15 minutes) weekly financial huddle. Name one of those steps.

Don’t balance your check book.

Don’t trust banks or credit unions with your money

Look ahead 7 to 10 days to figure out what bills need to be paid.

Don’t look at your goals weekly

10 points

The average credit card balance per household is approximately $________.

$12,000

$80,000

$5,000

$0, no American has credit card debt

10 points

The book teaches us to give more than just money. Give time, heart, skills, and ________.

none of the above

hatred

compassion

more money

10 points

Step 1 to a successful budget is to?

Always budget $10 under what you think you pay

Don’t budget at all

Always budget $10 over what you think you pay

Be honest with yourself

10.

10 points

The book teaches us that we should categorize our DEBT into three categories, which below is one of the three categories?

Careless debt

Too much debt

Way too much debt

Practical short term debt

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