Personal Income

Which of the following is generally the most expensive category in a person’s budget?

• Healthcare

• Clothing

• Transportation

• Housing

When making a budget, a person’s needs should come before their wants.

• True

• False

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

Jaxson can budget 1% of his monthly income to gifts. If he makes $1,295 a month, how much money can he put toward his gift category?

• $12.95

• $1.29

• $120.95

• $1.95

Tags

CCSS.6.RP.A.3C

Carla’s monthly income is $2,500. She can spend 35% of her monthly income on her housing category, how much money does she have to spend in this category?

• $875

• $110

• $765

• $90

Tags

CCSS.6.RP.A.3C

Of all the choices, which one should you budget for first?

• Groceries

• Entertainment

• Cell Phone Bill

• New Car

Tags

CCSS.6.EE.B.8

What is a need?

• Something you must have

• Something you'd like to have

• Something you would like to do

• All of the above

Tags

CCSS.RL.11-12.6

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

Why is budgeting important?

• It's good to live pay check to paycheck
• You should always live at your parents house
• You might get into a house or other large expense  you can’t afford
• Always spend more than you can afford

Budgeting is crucial to your financial success.

• True
• False

The Gummy family budget $35 a month for a vacation. How much money will they have saved up if they continue to save this amount for 15 months?

• $525

• $225

• $550

• $50

Tags

CCSS.3.OA.A.3

Ace’s car holds 23 gallons of gas. If gas is $3.49 per gallon, how much will it cost Ace to fill up his car?

• $80.27

• $26.49

• $27.80

• $50.78

Tags

CCSS.7.EE.B.3