Quiz 2.1 - 2.4

A budget is ...

• a written plan for giving, saving, and spending your money.

• a hope for giving, saving, and spending your money.

• a wish for giving, saving, and spending your money.

• a written estimate for giving, saving, and spending your money.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

A good budget ...

• breaks down your income and spending into specific categories so you know exactly where your money comes from and where you plan to spend it.

• breaks down only your spending into specific categories so you know exactly where your money comes from and where you plan to spend it.

• breaks down only your income into specific categories so you know exactly where your money comes from and where you plan to spend it.

• breaks down only your expenditures into specific categories so you know exactly where your money comes from and where you plan to spend it.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Did you know that students who have taken a personal finance course report higher confidence than students who did not when it comes to ...

• budgeting.

• investing.

• saving.

• budgeting, investing & saving.

• investing and saving only.

Only ___ % of Americans budget.

• 25

• 30

• 35

• 40

__ % of Americans say budgeting is important.

• 65

• 75

• 85

• 95

Tags

CCSS.6.SP.A.2

___________ of all Americans say their personal debt level creates stress and makes them anxious.

• Nearly half

• More than half

• Two-thirds

• Three-quarters

Tags

CCSS.RL.11-12.6

The first component of a budget is ...

• income.

• giving.

• saving.

• spending.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

Unless you have a large family and/or a ton of close friends, one should not list Birthdays in the giving section of their budget.

• True

• False

• No idea - my teacher didn't talk about this in class.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

The 4 walls talked about in this lesson refer to ...

• food, shelter, utilities and transportation.

• income, giving, saving and spending.

• the stability of your home based on a good foundation.

• having an emergency fund, eliminating debt, saving for a car, and saving for college.

Buying groceries is considered a(n) ___________ expense.

• fixed

• variable

• intermittent

• discretionary