Budgeting Post Tet | Baamboozle - Baamboozle | The Most Fun Classroom Games!

23. Janine is considering what auto costs she is going to have after buying a new Honda Civic. She has budgeted enough money for the monthly auto loan payment, gas, and auto insurance. Has Janine factored in all of the costs associated with

No, she needs to factor in other cost

yes, there are three costs she should expect to pay

no, she doesn't need to include cost of insurance

no, she doesn't need to include cost of gas

Which of the following explains why it might be a good idea to buy an item in a smaller size with a HIGHER unit price instead of buying it in bulk at a LOWER unit price?

You don't plan on using it often and it will go to waste

You have a large apartment and storage

Your room mate likes it too

You need lots of this item and go through it fast

Before submitting an application to rent an apartment, you would like to go and inspect the property. Which of the following reasons is the LEAST important reason for why you would go and inspect the apartment?

you want to show the apartment to family and friends

you want to check the condition of property and area

you want to meet the land lord and ask questions

You want to document damage to the apartment

Now that Sanjana is done with college, she is trying to decide whether or not she should buy a new laptop for herself. She has made a preliminary list of questions she can ask herself to determine if the new laptop is a need or a want.

An agreement that includes rent, policies and vacating

agreement between you and room mates given to landlord

You never pay fees if you sign a lease

If has information about prior housing experience

Now that Sanjana is done with college, she is trying to decide whether or not she should buy a new laptop for herself. She has made a preliminary list of questions she can ask herself to determine if the new laptop is a need or a want.

What model is trendy with people my age

Can I afford it

Will it be on sale later

How am I going to pay for this laptop

Jamie is researching places to live after graduating college. He asks you, "I keep coming across this phrase 'cost of living'. I've never heard of it before. Do you know what it means?" Which of the following definitions would you choos

refers to price of goods and services needed to live

refers to cost of moving from one city to another

refers to fluctuation in rent prices on a monthly basis

refers to the amount spent on dining out and entertainment

Franny is a recent college graduate with little budgeting experience. She is trying to stick to her budget but is finding that she continues to have a deficit at the end of each month. Which of the following steps she takes could explai

She tracks her monthly spending at the end of the month

Uses her net pay when budgeting her money

Uses the 50-20-30 rules when allocating her money

Identifies her needs and wants

You overhear your cousin talking about the importance of creating and sticking to a budget. Which of the following reasons he gives below is actually FALSE?

budgets can qualify you for discounts at favorite stores

budgets can help you ID bad spending habits

budgets can help you work toward finical goals

budgets can help you create an emergency funds

Ming is excited to start looking for an apartment. She knows that you just learned about renting an apartment and gives you a list of steps she thinks she should take to find the right fit for her. Which of the following steps would you rec

Ask what color the room is to see if you like it

Find out if she would have room mates

research the cost of utilites

Find out how long her commute will be to work

Danaisha does all her grocery shopping at organic markets and has a monthly grocery bill of $325. Charles says that Danaisha is wasting her money on wants instead of focusing on needs. He buys in bulk, uses coupons, and shops at Save-Mo

both..needs and wants are determined on an individual basis

Danaish because she is focusing on health

Charles because he is trying to save money

Neither..They should meet in the middle somewhere

You're considering moving into a 3 bedroom apartment with 2 roommates, rather than living on your own post-college. Mark which of YOUR expenses would likely decrease by having roommates.

Rent

Cell phone bill

Bedroom furniture

Groceries and eating out

Aaron realizes he has a budget deficit of roughly $175 at the end of two months in a row. Which of these options makes the most sense for him to fix his problem?

Cancel his TV subscription and go out to eat less

Pay minimum payment on student, credit card and car loan

Contribute less to savings and retirement fund

Sell his car and get a less expensive one

John wants to buy a car and is trying to decide whether he wants to accept a pre-qualified auto loan from his credit union or if he wants to directly finance the car from the dealership. What should he do?

Compare 2 offers and pick the one he would pay the least for

Finance the car with a credit union

Compare 2 offers and pick the one with the longest terms

Finance the car directly with the dealership

Which of the following is a BAD budgeting strategy to use if you want to save money at the grocery store?

When comparing similar products focus only on price

Prepare grocery list before you go to the store

Build a weekly meal plan around sale items or things you own

Compare unit price on similar items

You are interested in renting an apartment after graduating college. You meet with the landlord, complete the application and after checking your credit background and references, the landlord approves your application. In most cases, yo

1st & last month rent + deposit to cover damages

$1000 security deposit to cover damages

Frist and last months rent

Frist months rent

You are putting together your first post-graduation budget. Your take-home pay will be $2,500 per month. You estimate your monthly costs to be rent of $900, car related expenses to be $550, entertainment of $200, food expense of $250, ca

You have a deficit of $125

You have a deficit of $2625

You have a surplus of $125

You have a Surplus of 2500

7. Isaiah works for the summer at a technology company and has a salary for the summer of $3,000. After Federal and state taxes, Social Security, and Medicare are deducted, his take-home pay is $2,500. Which of the statements below is corre

His gross pay is $3000, net pay is $2500

His gross pay is $2500, net pay is $3000

His gross and net pay are $3000

His gross and net pay are $2500

Which of these boxes of cereal has the LOWEST unit price?

Cereal B ($5 for 32 oz. box)

Cereal A ($3.20 for 16 oz. box)

Cereal C ($2.50 for 10 oz. box)

Cereal D ($4.50 for 8 oz. box)

Greg is trying to decide whether he needs a car or not when he moves to the city. Which of the following would convince Greg to get a car rather than use public transportation?

Using public transportation, His commute is 2 hours one way

There are several public transportation routes to work

Cost of public transportation is less than his car payment

His work covers 1/2 the cost of his public transportation

Leila just graduated from college and is comparing a few different cities to move to. Which of these factors is the LEAST important thing for her to consider right now?

Average cost of Uber, Lyft or taxi fare

Employment opportunities

Food and grocery store options in the area

Average rent for an appartment

Which of the following is a sign that you have a budget deficit?

You overdraw you banking account on a consistent basis

Pay more than the minimum monthly payment to student loans

Your checking account balance grows every month

Your saving account balance grows every month

You earn a salary of $40,000 per year and decide to save 20% of your gross pay. You then set a goal of creating a $16,000 emergency fund. How long will it take for you to achieve your goal?

2 years

3 years

1 year

6 months

1. Which of these costs would be the MOST difficult to adjust if you were looking to reduce your expenses?

Loan payment on a new car

Dining out at local resturants

Expenses for new clothes

Postponing the purchase of a new TV