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Budgeting

Authored by Tabitha Shorter

Life Skills

9th - 12th Grade

Used 10+ times

Budgeting
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18 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 5 pts

Which of the following would be an example of an irregular gift?

full time job

par time job

graduation gift

a one time baby sitting job

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An example of flexible expense is

mortgage payment

car payment

groceries

cable bill

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Generally budgets are created for a ______

week

year

month

bi weekly

4.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

Wants

Necessary items for life that are paid monthly/yearly such as food, housing, transportation, utilities, insurances

Expenses that equal all the fixed and variable expenses added together

Things or tems that a person would like to own or purchase that is not necessary for life; Ex. entertainment, video games, etc.

Income from all possible sources

5.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

Budget

Anything that you might incur an expense for

Is a spending plan for managing your money that includes income and expenses

All expenses deducted from income before net pay can result.

Income after all deductions have been paid.

6.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

Total monthly income

Income from only one source

Total income of your parents and siblings added to your income.

Income from all possible sources.

A spending plan of expenses

7.

MULTIPLE CHOICE QUESTION

5 mins • 5 pts

Needs

Necessary items that are paid monthly./yearly such as food, housing, transportation, utilities, & Insurance

Things you would like to have but are not necessary for life.

Income from all sources that are spent for necessary items

Anything that you might incur an expense for.

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