03.2 QUIZZIZ: PMS3-Budgeting Your Money

03.2 QUIZZIZ: PMS3-Budgeting Your Money

Multiple Choice

Which of these is not a source of income?

• a. Allowance

• b. Salary

• c. Interest

• d. Savings

Multiple Choice

Which of these are not expenses?

• a. Wages

• b. Gifts

• c. Things we need

• d. Things we want

Multiple Choice

What can help you buy your future wants and needs?

• a. Impulse buying

• b. Expenses

• c. Overspending

• d. Savings

Multiple Choice

A budget helps you to:

• a. buy everything you want.

• b. balance your income with your expenses.

• c. overspend.

• d. earn more money.

Multiple Choice

Which of these is not a reason to budget?

• a. To put you in control of your money

• b. To determine how much money you have to spend

• c. To increase your income

• d. To decrease your impulse spending

Multiple Choice

A budget can be made by:

• a. keeping a diary of your expenses.

• b. copying your friend’s budget.

• c. deciding what to buy when you go to the store.

• d. checking how much money is in your pocket.

Multiple Choice

Which one of these is a responsible spending practice?

• a. Spending more money than I have planned.

• b. Buying an item that I like, even if I do not need it.

• c. Buying an item that is included in my budget.

• d. Always shopping at the most expensive stores.

Multiple Choice

Which one of these is not part of a personal budget?

• a. Savings

• b. Giving to a church or charity

• c. Overspending

• d. Income

Multiple Choice

An example of a fixed expense is:

• a. clothing.

• b. car insurance.

• c. food.

• d. educational expenses.

Multiple Choice

An example of a flexible expense is:

• a. rent

• b. car payment

• c. home insurance

• d. entertainment