True or false: Non-discretionary spending can include either fixed or variable expenses.
Financial Literacy Budgets Take Balance

Quiz
•
Mathematics
•
6th - 8th Grade
•
Medium
Sommer Kretsinger
Used 21+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True
False
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Is a monthly bus or train pass an example of a fixed or variable expense?
Fixed Expense
Variable Expense
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or false: The main purpose of a budget is to slow down spending.
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Are groceries an example of a discretionary expense?
Yes
No
Maybe
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Experts recommend saving at least what percentage of your income?
5%
10%
15%
Saving is not necessary
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or false: A budget can usually help you spend less and save more.
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
True or false: By honestly evaluating your needs versus your wants, you can control excessive spending
True
False
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