Date: _______________________ Personal Finance | Budgeting Pre-Assessment Note: This assessment is designed to help us ensure that future events cover the right information. Your answers will NOT influence the bank’s decision to offer you loans or other services. Name:___________________________________ Email:_______________________________________ Please complete this at the beginning of the workshop. Select only one answer. Please fill in each bubble completely. 1. What is a budget? ◯ A. A type of account you can open at your financial institution. ◯ B. A financial road map, or a way to plan for and track your earnings, spending, and savings. ◯ C. A method of investing money that provides regular gains. ◯ D. A method used for paying taxes. 2. Which of the following are examples of documents you should keep organized as you begin to create a budget? ◯ A. Birth certificate and driver’s license. ◯ B. Tax returns, W-2s, bills, and loan documents. ◯ C. Credit card offers and credit reports. ◯ D. Both A and C. 3. Which of the following should be included when calculating income? ◯ A. Money earned from almost any source, such as a paycheck, Social Security, or other social benefits. ◯ B. Money that is spent each month on bills and other items. ◯ C. Money that is put aside for safekeeping, a specific savings purpose, or an emergency fund. ◯ D. Money that is put aside for investing. 4. Approximately what percentage of your money 5. Which of the following is an example of a long-term 6. Which of the following is a strategy recommended to Copyright 2019 EVERFI, Inc.

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Page 1: everfi-bbva.s3.amazonaws.com€¦ · Web viewPersonal Finance | Budgeting Pre-Assessment Note: This assessment is designed to help us ensure that future events cover the right information

Date: _______________________

Personal Finance | Budgeting Pre-AssessmentNote: This assessment is designed to help us ensure that future events cover the right information. Your answers will NOT influence the bank’s decision to offer you loans or other services.

Name:___________________________________ Email:_______________________________________

Please complete this at the beginning of the workshop. Select only one answer. Please fill in each bubble completely.

1. What is a budget?◯ A. A type of account you can open at your financial institution.

B. ◯ A financial road map, or a way to plan for and track your earnings, spending, and savings.◯ C. A method of investing money that provides regular gains.

D. A method used for paying taxes.◯

2. Which of the following are examples of documents you should keep organized as you begin to create a budget?

A. Birth certificate and driver’s ◯license.

B. Tax returns, W-2s, bills, and loan◯ documents.

C. Credit card offers and credit ◯reports.

D. Both A and C.◯

3. Which of the following should be included when calculating income?

A. Money earned from ◯ almost any source, such as a paycheck, Social Security, or other social benefits.

B. M◯ oney that is spent each month on bills and other items.

C. ◯ Money that is put aside for safekeeping, a specific savings purpose, or an emergency fund.

D. ◯ Money that is put aside for investing.

4. Approximately what percentage of your money should you spend on savings and debts?