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Budgeting- 4th grade standard

Authored by Leah Brown

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4th - 5th Grade

Used 379+ times

Budgeting- 4th grade standard
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One reason people keep a personal budget is that it can help them to

 earn a promotion at work
set and reach financial goals 
buy anything they want at any time 

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Jayden wants a bigger allowance, but his mother told him that the $10.00 per week she already gives him is enough because he does not have many expenses. Jayden's mother told him that if he wants a bigger allowance, he should make a personal budget that shows why he needs more money and give it to her. What should Jayden make a list of first?

Jayden should make a list of all of the things he spent his money on over the last year. 
Jayden should make a list of his monthly sources of income and his monthly expenses.
Jayden should make a list of all of the chores he has done in order to earn a bigger allowance. 

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Every day, Mason pays $3.00 for lunch from the school cafeteria. In what part of his personal budget should he record this amount? 

income 
 savings 
expenses 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these examples should Emily record in the income section of her personal budget?

her total savings over the last year 
the price of a new bicycle she wants 
a birthday gift of $50.00 from her grandfather

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People who spend more than they save each month will

never be able to save any money 
never be at risk of going into debt
always have what they want and need 

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Daniel would benefit the MOST from a personal budget if he

saves plenty of his income regularly each month
always seems to have plenty of money for activities
knows exactly what his expenses are each month.
struggles to understand why it is so hard to pay his bills.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following people would benefit MOST from a personal budget?

Jeremy carefully tracks his expenses. 
Lisa spends less money than she earns.
Kaori does not have enough money to pay bills. 
Chandler is saving for a major purchase. 

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