Personal Finance, Weeks 3-4 (Budgeting)

Personal Finance, Weeks 3-4 (Budgeting)

8th Grade

20 Qs

quiz-placeholder

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Personal Finance, Weeks 3-4 (Budgeting)

Personal Finance, Weeks 3-4 (Budgeting)

Assessment

Quiz

Business

8th Grade

Medium

Created by

TYLER BARNA

Used 5+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budget 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

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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