Personal Finance Quizizz

Which of the following should be considered when planning a budget?

• How many hours of video games you will play.

• How many hours of Youtube you will watch.

• How many Pokemon cards you will trade with your friends.

• How many pieces of candy you want to purchase.

Which of the following is the best example of an income?

• Money you pay to someone for ice cream

• Money your parents give you for mowing the grass

• Money you give to your sister for her birthday

• Money your parents give you to buy school ice cream

What is the difference between an income and an expense?

• They are the same thing

• Income is money you earn and expenses are money you use

• Income is money that you save and expenses is money that you share

• Income is money that you give away and expenses are money that you save

Why might having a budget be helpful?

• Budgets help people eat better.

• Budgets help people get jobs.

• Budgets help people organize their money.

• Budgets help people in school.

Which of the following is a poor financially responsible decision?

• Making $200 and saving $150.

• Making $60 and spending $70.

• Making $50 and spending $10.

• Making $10 and saving half.

Carla wants to prove to her dad that she should get more money for her lemonade stand. He asks her to make a budget. What can Carla include in her budget to prove to her dad that she needs more money for her lemonade stand?

• Ask him to buy her lemonade from the store.

• Show him the price it costs to buy the supplies.

• Show him the price it costs to buy the supplies and make the lemonade

• Show him the price it costs her to make her lemonade stand

Which of the following is an expenditure?

• Receiving a birthday card with money

• Buying a chicken sandwich

• Sharing money with your sister

• Saving your allowance

In order to save money, what should someone do?

• Decrease their income

• Decrease their expenses

• Decrease their savings

• Share their money

Kalissa can either save her money to buy a new Ipad, or spend it on donuts for her friends. She decided to buy donuts for her friends. What is the opportunity cost in this example?

• The iPad

• The donuts for friends

If a budget is balanced, that means the income is _______________ than expenditures

• less than

• less than equal to

• greater than or equal to