Spending Money Wisely as a US Consumer

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is something a wise consumer would usually NOT do?

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1. A budget is defined as which of the following?

2. Which of the following would BEST be considered a fixed expense?

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About This Quiz & Worksheet

Becoming a wise consumer requires a successful money management plan. To successfully pass this quiz, you will need a good understanding of basic economics and finance.

Quiz & Worksheet Goals

To prove your skills as an expert consumer, you will be quizzed on:

  • Activities that wise consumers avoid
  • Planning budgets and expenses
  • Why astute and careful spending is important

Skills Practiced

  • Critical thinking - apply relevant concepts to examine your own personal spending habits
  • Reading comprehension - ensure that you can draw the most important information about wise consumer choices
  • Making connections - use your understanding of effective money management skills and how they connect with your daily life

Additional Learning

To learn more about how you can better manage your budget, please consider reviewing the accompanying lesson entitled Spending Money Wisely as a US Consumer. The lesson covers:

  • How to set a budget
  • Planned purchasing of big ticket items
  • Protecting your identity and purchases
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