G4 Q1 W5 Using a Budget Recap Game

When do people use a Budget? 

• When they buy necessities only

• When they buy cars

• When they want to make the right decisions regarding their money

• When they buy luxuries only

How can people help organize personal finance?

• None of the answers is correct

• By saving all the money

• By spending their money without thinking

• By using a budget

One of the types of expenses is _______________.

• Variable Expenses

• budget

• currency

• money

How is choosing between what we want and what we need important?

• People have a lot of money, so they can buy everything

• People have limited income, so they have to decide what to buy first

• People can't decide what to buy first

• None of the answers is correct

Sarah and Hannah split the rent of their apartment every month; This is an example for ____.

• Money

• Objectives

• Expenses

• Variable Expenses

What is the first step for following a budget?

• Borrowing money

• Paying the money

• Setting goals

• Buying the luxuries

If you do not have enough money for the item you want to buy, this means that ____________.

• The price is higher than the amount of money you have

• None of the answers is correct

• The price is the same as the amount of money you have

• The price is lower than the amount of money you have

Personal finance is _______________.

• Very important

• Unimportant

• Useless

• None of the answers is correct

What do you do at the store before you pay for the items you want to buy? 

• You sign a contract with the cashier

• You pay the money

• You open the items and use them

• You check the prices

What do Expenses include?   

• Electricity Bill

• None of the answers is correct

• Medical Expenses

• Clothing