Budgeting Quiz

Budgeting Quiz

12th Grade

15 Qs

quiz-placeholder

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Budgeting Quiz

Budgeting Quiz

Assessment

Quiz

Other

12th Grade

Practice Problem

Easy

Created by

Walter Drecksel

Used 1+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A plan for managing money

A type of savings account

A tool for tracking expenses

A method for investing money

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does a budget help you do?

Live within your means

Increase your debt

Spend money on unnecessary things

Ignore your financial situation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can be included in your budget?

Income from work and gifts

Expenses like rent and groceries

Savings for large purchases

All of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to track and record your income and expenses?

To identify unnecessary expenses

To increase your debt

To ignore your financial situation

To overspend on wants

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can a budget help you save money?

By cutting unnecessary expenses

By spending more on wants

By ignoring your financial situation

By increasing your debt

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What can you use the extra money saved for?

Investing or paying off debt

Spending on unnecessary things

Ignoring your financial situation

Increasing your debt

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who can benefit from using a budget?

Only those in financial trouble

Only those with high income

Only those with low income

Everyone

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