Budget

Budget

11th Grade

30 Qs

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Assessment

Quiz

Other

11th Grade

Practice Problem

Medium

Created by

Sheila Sampson

Used 6+ times

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30 questions

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1.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

Media Image

Examples of a fixed expense:

Rent/Mortgage

Car payment

Childcare

Loan payment

2.

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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Why should you have a budget?

Help you save money

Allow you to have control of where you want your money to go

Reach financial stability and achieve your goals

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is one way to sabotage your budgeting goals?

Spend less on clothing

Work more hours at your current job or take on a side hustle

Keep using your credit card without paying off the balance

Cancel a subscription service

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Considered the best strategy for building wealth:

Zero-Based Budget

50/30/20 Method

Pay Yourself First

Envelope System

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Making a purchase based on an immediate want or due to the pressure of advertising is considered Impulse Buying.

True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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Marie wants to decrease the amount of money she spends on food. Which of the following will help her?

Going to the grocery store with a list

Going to the grocery store whenever she needs one or two items

Deciding what she will have for lunch/dinner that same day

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Expenses that vary from month to month, such as entertainment, car repairs, or doctor bills.

Variable Expenses
Fixed Expenses

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