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Real Life Money Management's Money Management Quiz Real Life Money Management Quiz Take the Real Life Money Management Quiz to see how much you know about the ideas discussed on this website. Who should live on a budget? Those with an income over $50,000 annually. Everyone regardless of income level or financial situation. Those with an income less than $200,000 annually. Only those who are struggling financially.   According to the debt snowball concept, which of these debts should be paid off first? Credit Card Balance of $2,000 with a 16% interest rate. Credit Card Balance of $12,000 with a 14% interest rate. Car Loan Balance of $2,000 with a 8% interest rate. Student Loan Balance of $1,000 with a 4% interest rate.   Which of the following influences your financial situation the most? Your income level. Your lifestyle habits. Whether or not your spouse works. How many children you have.   Considering you have access and money to invest, which should you invest in first? Stocks Roth IRA 401K Mutual Fund   Which of the following is not a Real Life Money Management Guiding Principle? The Joseph Principle The Budgeting Principle The Ben Franklin Principle The Family Quiver Principle   Which of the following is an investment in a particular company or business? Stock Mutual Fund Roth IRA 401K   What money management plan for adults does Real Life Money Management promote? The Shepherds Budget Crown Budget 10-20-70 Plan Forced Budgeting System   What is the principle of balancing your lifestyle within your income? The Shepherds Principle The Staying Afloat Principle The Lifestyle Roadmap Principle The Teeter Totter Principle   Which of the following is usually the best investment you can make? Paying off non-mortgage debt. Mutual Funds. Individual Stocks. Buying Gold.   Who is responsible for your money management? Your Spouse. The Government. Yourself. Your Employer.   Be sure to browse the pages of Real Life Money Management to learn the answers you missed and even more money management skills and ideas that weren't on the test. Thanks Read More Teeter Totter Strategies

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