2.Which is NOT a way to reduce your flexible or variable expenses?
1 point
Eating out frequently
Limit grocery shopping
Carpool
Control electricity usage
3.The primary purpose of setting long-term financial goals is to help
1 point
measure financial success or failure.
acquire great wealth.
provide direction for overall financial planning.
achieve a comfortable retirement.
4.What is Net Worth?
1 point
Income minus liabilities
Assets minus liabilities
Income minus expense
Assets minus expenses
5.Rent and Mortgage payments are examples of:
1 point
Fixed expenses
Long-term liabilities
Short-term liabilities
Variable expenses
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