
Budgeting
Quiz
•
Life Skills
•
5th - 12th Grade
•
Hard
Christina Guarino
FREE Resource
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8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A personal budget is
a financial plan that allocates future income toward expenses, savings, and debt repayment.
something you only do if you want to save money
something only people with low incomes use
used to look at what you spent at the end of the month
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Effective money management starts with a goal and a step-by-step plan for saving and spending
False
True
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Financial goals don't always have a timeframe
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
It doesn't matter where your money goes as long as you have enough money to pay your bills every month
False
True
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Keeping track of your spending is the 3rd step to creating a budget
False
True
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Fixed expenses change month to month
True
False
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Saving for retirement is only important for people over 25 years old
True
False
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