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Budgeting Terms

Authored by Mindy Dunn

Other

9th - 12th Grade

Budgeting Terms
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15 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A plan for managing your money during a given period of time.

Cash flow

Budget

Quality

Earnings

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A type of bank account where you save money for special expenses or to save for your future:

budget

credit cards

savings

checking

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Credit cards let you borrow money up to a set limit, which must be repaid. You'll be charged interest if you don't pay your full statement balance by its due date:

checking

savings

budget

credit cards

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money you owe, like a car loan or a credit card:

credit cards

gross income

debt

savings

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A type of bank account where your paycheck is deposited and you pay bills from:

savings

checking/debit cards

credit cards

debt

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Known as “take-home pay,” which is the amount you are able to deposit:

net income

gross income

variable expenses

fixed expenses

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The total amount of income from your wages or before any payroll deductions:

net income

gross income

fixed income

variable expenses

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