Everfi Module 3 - Budgeting
Authored by Stacey Kuhl
Life Skills, Other
10th Grade
Used 91+ times
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About
This quiz focuses on personal finance education, specifically covering fundamental budgeting principles and financial planning strategies. The content is appropriately designed for high school students, particularly grades 9-12, as it addresses real-world financial management skills that students need as they transition to independence. The questions assess students' understanding of core budgeting concepts including distinguishing between needs and wants, tracking expenses through various methods like spreadsheets and apps, planning for recurring expenses, and building emergency funds. Students must demonstrate critical thinking skills to evaluate different budgeting strategies, analyze spending priorities, and make informed decisions about financial planning. The quiz requires students to apply practical knowledge about expense tracking, understand the importance of financial goal-setting, and recognize appropriate versus inappropriate uses of emergency funds. Created by Stacey Kuhl, a Life Skills teacher in the US who teaches grade 10. This quiz serves as an excellent formative assessment tool for students working through financial literacy curricula, particularly the Everfi Module 3 program focused on budgeting fundamentals. Teachers can effectively use this assessment as a warm-up activity to gauge prior knowledge before beginning budget-creation exercises, as guided practice during instruction on expense tracking methods, or as homework to reinforce lessons on emergency fund planning. The quiz works exceptionally well for review sessions before summative assessments on personal finance topics and provides immediate feedback opportunities for students to self-assess their understanding of budgeting principles. This assessment aligns with standards such as CEE.PF.4 (using a budget to make spending decisions) and CEE.PF.5 (developing strategies to control spending and achieve financial goals), supporting comprehensive financial literacy education that prepares students for real-world money management challenges.
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16 questions
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1.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following is a benefit of using a budget?
Helps to keep track of the money you receive
Helps to prioritize your spending
Helps reach short- and long-term financial goals
All of the above
2.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following should NOT be considered when setting a current budget?
Your financial goals
Future income
Needs and wants
Savings
3.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
What should be considered when setting a budget?
Needs and wants
Savings
Time management goals
Needs, wants, and savings
4.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Where should you look to find your current expenses when building your budget?
ask your parents
your wallet
bank and credit statements
your bank representative
5.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
In addition to needs, what should you plan for first when creating a budget?
Possible charitable donations
Shopping money
Investments
Recurring expenses
6.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
In your budgeting process, when should you look at recurring expenses?
Before reviewing your wants
After considering entertainment expenses
Before looking at your needs
After your wants but before you needs
7.
MULTIPLE CHOICE QUESTION
15 mins • 1 pt
Which of the following is a way to track your spending?
Spreadsheet budget
Envelope method
An app
All of the above
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