Mastering Your Budgeting Skills

Mastering Your Budgeting Skills

Assessment

Flashcard

Specialty

9th Grade

Hard

Created by

Wayground Content

FREE Resource

Student preview

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20 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is a budget?

Back

A plan for how to spend and save money

2.

FLASHCARD QUESTION

Front

What is the first step in creating a budget?

Back

Identifying income

3.

FLASHCARD QUESTION

Front

Which of the following is a method for tracking expenses? Using a spreadsheet, Keeping receipts, Using a budgeting app, All of the above

Back

All of the above

4.

FLASHCARD QUESTION

Front

What is the purpose of tracking expenses?

Back

To identify spending patterns

5.

FLASHCARD QUESTION

Front

Which of the following is a savings strategy?
Options:
Spending all your income,
Saving a fixed percentage of your income,
Borrowing money,
Ignoring savings

Back

Saving a fixed percentage of your income

6.

FLASHCARD QUESTION

Front

What is an emergency fund?

Back

Money set aside for unexpected expenses

7.

FLASHCARD QUESTION

Front

How much should you ideally have in an emergency fund?

Back

Three to six months' worth of expenses

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