A budget is...

Personal Finance, Weeks 3-4 (Budgeting)

Quiz
•
Business
•
8th Grade
•
Medium
TYLER BARNA
Used 5+ times
FREE Resource
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
an estimate of expected income and expense for a given period
money received, especially on a regular basis, for work or through investments
the cost required for something; the money spent on something
the amount of money held in an account at any given moment
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Income is...
an estimate of expected income and expense for a given period
money received, especially on a regular basis, for work or through investments
the cost required for something; the money spent on something
the amount of money held in an account at any given moment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Expense is...
an estimate of expected income and expense for a given period
money received, especially on a regular basis, for work or through investments
the cost required for something; the money spent on something
the amount of money held in an account at any given moment
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A balance is...
an estimate of expected income and expense for a given period
money received, especially on a regular basis, for work or through investments
the cost required for something; the money spent on something
the amount of money held in an account at any given moment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Zero Budgeting is...
A budgeting strategy in which your income minus your expenses (including savings) equals zero.
A budgeting strategy in which you divide cash into separate envelopes, or categories, to help make spending decisions.
A budgeting strategy in which you first put money into your savings and investments, then spend only what is left.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Envelope Budgeting is...
A budgeting strategy in which your income minus your expenses (including savings) equals zero.
A budgeting strategy in which you divide cash into separate envelopes, or categories, to help make spending decisions.
A budgeting strategy in which you first put money into your savings and investments, then spend only what is left.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Pay Yourself First Budgeting is...
A budgeting strategy in which your income minus your expenses (including savings) equals zero.
A budgeting strategy in which you divide cash into separate envelopes, or categories, to help make spending decisions.
A budgeting strategy in which you first put money into your savings and investments, then spend only what is left.
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