
Budget Review
Authored by Faith Hunt
Business
9th - 12th Grade
Used 4+ times

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15 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of a personal budget?
Make a plan to organize and manage your money
Figure out how much you have saved for emergencies
Guarantee you earn more
List all of your investments
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is an example of a flexible (variable) expense?
Rent payment
Property tax
Groceries
Insurance
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What kind of expense is a rent payment?
Flexible expense
Unfixed expense
Fixed expense
Preliminary expense
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Disposable income is
Endless money at your disposal
Your income minus your taxes & expenses
Your income divided by your expenses
Money you put toward an emergency fund
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step to creating a monthly budget?
Determine your average monthly income and expenses
Invest extra funds
Divide your income by your expenses
Open a new checking account
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is debt?
Extra money you have after you have paid your bills
An impending feeling of doom
Money that you have borrowed and have to pay back
An expense that changes every month
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a fixed expense?
An expense that changes every month
An expense related to home improvement
Income from a job
An expense that stays the same every month
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