Introduction to Finances Module 1 Quiz

Irregular Job Income

• Examples include freelance work, odd jobs, or side gigs that do not provide a consistent paycheck.

Source of Income Categorized under 'Other'

• This includes money received from informal or non-traditional sources not fitting standard categories, possibly gifts or cash from friends.

Income Associated with Birthdays and Holidays

• Gift money received during these occasions is considered a form of irregular income.

Main Focus of the Module

• The module primarily aims to educate on diverse income sources and effective money management strategies.

Sources of Income

• Regular employment, irregular jobs, passive income, investments, and additional sources categorized under 'Other'.

Employment Income Mentioned

• Standard wages or salaries earned from regular employment are highlighted as key employment income.

Essential Emphasis

• Importance of budgeting and tracking income and expenses for better financial management is stressed.

Different Sources of Income

• Types detailed include salaries, wages, freelance income, gifts, investment returns, and other non-standard income streams.

Activities Related to Saving Money

• Suggested activities might include budgeting, tracking spending habits, and setting aside a portion of income for savings.

Examples of Irregular Jobs as Income Sources

• Potential jobs such as babysitting, lawn care services, or gig economy roles like ridesharing are noted as examples.