Financial Literacy Budgets Take Balance

Financial Literacy Budgets Take Balance

6th - 8th Grade

11 Qs

quiz-placeholder

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Financial Literacy Budgets Take Balance

Financial Literacy Budgets Take Balance

Assessment

Quiz

Mathematics

6th - 8th Grade

Medium

Created by

Sommer Kretsinger

Used 21+ times

FREE Resource

11 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True or false: Non-discretionary spending can include either fixed or variable expenses.

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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