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Free Exam: Monthly Budget Based on your Career

Number of Questions in Test: 6
Number of Questions in Preview: 5
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Question 1

How will an understanding of money management play an important role in evaluating the differences between luxury and necessity items in your lifestyle once that you have chosen your specific career?

Type: Free text
Points: 1

Question 2

While walking your dog, you accidentally let go of the leash. Your dog gets away and runs over to another dog. Unfortunately, the other dog bites your dog and begins to attack him. Immediately, you rush your dog to the veterinarian's office. After the rabies shot, x-rays, medicine, and doctor's fee, your bill comes to $500. What adjustments would you have to make in your budget to allow you to have enough money to pay the bill?

Type: Free text
Points: 1

Question 3

Unexpected costs and fees will always arise. For example, you may become ill and need hospital care and medicine, you could wreck your car, or your television may need repaired. What plans can you make so that bills like this won't catch you unprepared?

Type: Free text
Points: 1

Question 4

Surprise! You have just received a $250 Christmas bonus on this paycheck. What will you do with the extra money that you have this month? Explain your reasoning behind your answer.

Type: Free text
Points: 1

Question 5

What three major expenses do you think will remain constant each month? If you combine these three expenses, what percent of your monthly budget will go towards these expenses? Also, does this percentage seem to high/low/suitable in relation to your other monthly expenses?

Type: Free text
Points: 1

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