Budgeting Module 3 pre-test

What is a budget?

• The most money you can spend

• An amount of time

Which amount shows that you are over your $10.00 budget?

• $11.13

• $6.52

Which amount shows that you are under your $10.00 budget?

• $10.08

• $3.75

You want to buy 3 shirts but have to stay in a $50.00 budget. What do you need to do?

• Compare the cost of 1 shirt to $50.00.

• Add the prices of the 3 shirts together, then compare the total to $50.00.

• Only buy 1 shirt, not 3.

What do you do when your total is more than your budget?

• Ask if there are any discounts.

• Not buy something from your purchase/order.