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Budgeting and terms

Authored by David Palmer

Social Studies

8th Grade

Used 8+ times

Budgeting and terms
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

One of the easiest ways for a budget to be successful is to:

be drastic and inflexible

be completed after you get paid

be based on small, gradual changes

use the token system to prevent overspending

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the four budgeting techniques is described below:

when your budget is complete, there is no money leftover.

Envelope

Zero Balance

Pay yourself first

50/30/20

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the four budgeting techniques is described below:

half of your money is set aside for living expenses (must haves).

Envelope

Zero Balance

Pay yourself first

50/30/20

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the four budgeting techniques is described below:

This budgeting technique is easiest to start when you are younger. It also is good at eliminating debt and growing savings.

Envelope

Zero Balance

Pay yourself first

50/30/20

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the four budgeting techniques is described below:

Money is set aside each month to fund future goals.

Envelope

Zero Balance

Pay yourself first

50/30/20

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the four budgeting techniques is described below: Pay for as much as you can with cash.

Envelope

Zero Balance

Pay yourself first

50/30/20

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a monthly plan for how you are going to save and spend your income?

budget

investment

debt

interest

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