Are You Good With Money?

A Garden State Consumer Credit Counseling^SM organization
A Non-Profit Organization

- Helpful Resources
- Helpful Links

Why is it important to have a financial record-keeping system in place?
A) To develop smart money habits
B) To encourage a poor credit history
C) To make it easier to handle financial matters
D) Both A & C

What is the most important financial tool to use?
A) Balancing your checkbook
B) Using a financial software package
C) Planning a household budget
D) Using a tax preparation software package

What benefit does a household budget bring?

A) Helps you to spend your paycheck each month
B) Helps you gain control over your purchases and financial future
C) Gives you the freedom to pay your bills late
D) All of the above

Why should a person balance his/her checkbook?
A) In order to know how much money you have on hand
B) Identify areas where you can cut your expenses
C) To be able to buy now, pay later
D) Both A & B

Why is it necessary to pay your bills on time?
A) Helps you avoid late fees and negative marks on your credit
B) Because you should
C) Because it’s the law
D) All of the above

What benefit do you gain by saving money?
A) Earn interest on your savings
B) Securing your financial future
C) To make future purchases, especially large expenditures such as a car, vacation, college
D) All of the above

Home Page | Contact Us

Page last updated on 07/29/2010