Budgeting Quiz

Money that you earn from your job

• Income

• expenses

• budgeting

Money that you spend

• income

• expenses

• budget

Tags

CCSS.7.NS.A.1B

A plan for how to spend and save your money

• income

• expenses

• budget

The goal of a budget is...

• to spend less than you earn

• to spend more than you earn

• to spend all of your money

Which one is NOT one of the qualities of a good budget?

• Expenses are less than income

• Includes savings for big-ticket expenses (like a car)

• Allows for pocket money or unexpected expenses (car repairs)

• Don't worry about saving for emergencies

This type of expense occurs regularly and the amount does not change each month

• variable expense

• fixed expense

Tags

CCSS.3.OA.D.9

This type of expense occurs regularly but the amount may change from month to month.

• variable expense

• fixed expense

Rent or car payment

• fixed expense

• variable expense

Groceries or electricity

• fixed expense

• variable expense

Weekly Allowance: $30

Savings Plan: $5 per week

Lunch: $2 per day

Snacks $1 per day

What is the total amount of money you have at the end of the week?

• $22

• $10

• $23

• $11

Tags

CCSS.7.EE.B.3