
Budgeting
Authored by Keyandria Oneal
Life Skills
8th Grade
Used 40+ times

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6 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 5 pts
What is a Budget
The amount of money you can spend
A plan that helps you manage your income and expenses
A method that adults use to earn money
A place where you store your money
Answer explanation
A budget is like a guide or a plan people use to keep up with the money they make and what they spend. It does not focus only on savings, but savings are included in a budget.
2.
MATCH QUESTION
1 min • 5 pts
Match the following
Money that is set aside for later use
Savings
The money a person gets from a job or for performing a service
Income
A plan for tracking a person's income and expenses.
Budget
Items that use up one's income
Expenses
3.
HOTSPOT QUESTION
1 min • 5 pts
Select this person's total income
4.
HOTSPOT QUESTION
1 min • 5 pts
What is this person's most expensive fixed expense?
5.
HOTSPOT QUESTION
1 min • 5 pts
Where does this person get the most income from?
6.
MULTIPLE CHOICE QUESTION
30 sec • 5 pts
What is the best way to make a budget
Repeat it over in you head
Memorize a random on from one line
Write one out using your income and expenses
Buy one online from a friend
Answer explanation
-Repeating it in your head will not give you a visual on how you are tracking your money
-None of the other options make sense since you are not using your own income and expenses.
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