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Wk 31: EOL: Exit Ticket 10.2, 10.3, & 10.4

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Last updated about 3 hours ago
10 questions
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Question 1
1.

When Maya receives her paycheck, she immediately sets aside a portion in her savings account before paying any bills or spending on personal items. What financial habit is Maya practicing?

Question 2
2.

Every month, Jordan reviews his spending to manage his budget. Which of the following costs is most likely to occur on a regular basis?

Question 3
3.

Elliot uses the envelope budgeting system. He checks his “Dining Out” envelope before making weekend plans and finds only $5 remaining. What would be the most responsible budgeting advice for Elliot?

Question 4
4.

When Priya decides to rent her first apartment, the landlord asks her to sign a lease agreement. What is the main purpose of this lease?

Question 5
5.

Carlos is creating a monthly budget for his new apartment. Which of the following is not typically considered a utility he would need to plan for?

Question 6
6.

Lena is in her late twenties and deciding whether to rent or buy her first home. Like many other young adults today, she leans toward renting. What is one common reason why young adults are choosing to rent instead of buy?

Question 7
7.

Tyrell just moved to a rural town from a large city and notices major changes in how he gets around. How might someone’s location impact the transportation options available to them?

Question 8
8.

Marcus just bought a new car with a monthly loan payment of $320. He budgets $350 per month for all car-related expenses. What budgeting mistake is Marcus making?

Question 9
9.

Nina owns a car but is relocating to a busy city for a new job. Which of the following would be the most effective way for her to lower her transportation expenses in the city?

Question 10
10.

Eli is working on his budget and needs to account for his monthly commuting costs. He drives a car, but he’s considering taking public transit instead to save money. Which of the following factors should Eli not ignore when deciding between the two options?