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Budgeting and Spending

Authored by Alyssa Ackert

Life Skills

7th Grade

Used 5+ times

Budgeting and Spending
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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tracking your spending can help you what?

Spend more money

Make good decisions

Know where your money is being spent

Spend less money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of these is NOT true?

Tracking your expenses can help you meet your budget

A budget helps you plan to use your money for things you need

A budget helps you plan to use your money for things you want

It is harder to keep track of your expenses when you make a budget

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is saving money important?

Saving money can help you meet goals

It is important to show off how much money you have

It is important to fill your money jar

Saving money is important for spending

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buying a cheaper product can sometimes help you what?

Create a budget

Reach a savings goal

Afford an opportunity cost

Track spending

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you have a budget, you have to what?

Afford nicer things

Spend all of the money you want

Have a plan for using your money over a set period of time

Have a good idea of how much money you'll make

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Keeping track of what you earn, spend, and save are the key parts of what?

Monthly allowance

Investment strategy

Paycheck

Budget

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cutting back on expenses can help you save money, which will what?

Help you afford nicer things

Add up fast and help you save for your goal

Help you spend more money

Help you choose the right investments

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