Budgeting Quiz

A plan for how you spend your money is called?

• Financial Plan

• Cash Flow Statement

• Budget

• Financial Goals

Which of the following is the four parts of a budget?

• Shelter

  Transportation

  Food

  Utilities

• Income

  Giving

  Saving

  Spending

• Fixed

  Variable

  Intermittent

  Discretionary

• None of these

What are the 4 walls?

• Shelter

  Transportation

  Food

  Utilities

• Income

  Giving

  Saving

  Spending

• Fixed

  Variable

  Intermittent

  Discretionary

• None of these

What are the 4 types of expenses?

• Shelter

  Transportation

  Food

  Utilities

• Income

  Giving

  Saving

  Spending

• Fixed

  Variable

  Intermittent

  Discretionary

• None of these

What is the best way to describe a Zero-Based Budget?

• Run your bank account down to zero

• Not having a budget

• A cash flow plan that assigns an expense to every dollar of your income

• Having more expenses than you have income

What type expense does the following statement best match?

Expense that remains the same from month to month.

• Fixed

• Intermittent

• Variable

• Discretionary

What type expense does the following statement best match?

Expense that varies in dollar amount from month to month but that you can expect to have every month.

• Fixed

• Intermittent

• Variable

• Discretionary

What type expense does the following statement best match?

Expense that occurs at various times throughout the year and tends to be in large, lump sums.

• Fixed

• Intermittent

• Variable

• Discretionary

What type expense does the following statement best match?

Expense for things you don't need

• Fixed

• Intermittent

• Variable

• Discretionary

Which of the following is NOT a way to create a budget

• Paper and Pencil

• Budgeting App/Site

• Spreadsheet

• Having it all in your head