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Personal Finance Chapter 2: Budgeting

Authored by Steve Wills

Business

11th Grade

Used 2+ times

Personal Finance Chapter 2: Budgeting
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30 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Although the majority of Americans think budgeting is important, about of Americans actually use a budget.

75%

23%

35%

50%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a component of a budget?

Credit score

Income

Giving

Saving

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Online budgeting apps are more effective than budgeting with pen and paper.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What are the Four Walls?

Food, utilities, transportation, and college fund

Food, utilities, shelter, and transportation

Utilities, college fund, restaurants, and car insurance

Cell phone bill, car insurance, shelter, and money for the movies

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many categories should you have in your budget?

No more than 10 At least 3

15 or more

No limit; use as many as you need to keep your budget accurate!

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How often should you create a budget?

Daily

Monthly

Biannually

Weekly

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you get married, only one person is responsible for budgeting.

True

False

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