Personal Finance Study Set 1
Quiz 2: Measuring Your Financial Health and Making a Plan
What Is Their Current Savings Ratio
What is their current savings ratio? A) 10.3 percent B) negative 10.3 percent C) zero D) None of the above
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George and Betty ask you for financial advice.What would you tell them to do? A) They should hire a Certified Financial Planner to assist them. B) Nothing. With their income they are in good shape financially. C) They need to live within their means. D) Both A and C would be good advice for them.
Explain the steps in developing a cash budget.
Describe how to implement the "envelope" budgeting system.
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