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18. Corey has $2000 invested in an 18 month CD and $1200 in a vacation account for a surfing trip to Costa Rica he’s planning to take. Yesterday, Corey’s refrigerator bit the dust. He’s found a new one on sale for $500. Should he draw from the CD to pay for it or use his trip funds? What budget expense category reserves for these kinds of unexpected costs? _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ 19. When creating a budget, it’s pretty difficult to accurately anticipate unexpected expenses. What category should you create for unanticipated mandatory expenses? _ ____________________________________________________________________ 20. State 3 benefits of a personal budget. Circle the benefit most important to you and explain why it is important. _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ _ ____________________________________________________________________ PRODUCT PREVIEW
2 PTS ___
1 PT ___
4 PTS ___
SCORE: ____ / 48 PTS
THE 21st CENTURY STUDENT’S GUIDE TO FINANCIAL LITERACY 281
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