Budgeting Quiz
Authored by April Phelps
Life Skills
University
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13 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between wants and needs?
Wants- Something that's just nice to have.
Needs- Something we have to have to survive.
Wants- Something we have to have to survive.
Needs- Something that's just nice to have.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a want?
Clothing
Rent
Gas
Entertainment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a need?
Groceries
Gym Membership
Eating out
Phone
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are fixed expenses?
Expenses that come every month no matter what
Expenses that can change from month to month
Expenses that are unexpected
Expenses that are not necessary
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are variable expenses?
Expenses that come every month no matter what
Expenses that can change from month to month
Expenses that are not necessary
Expenses that are unexpected
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a variable expense?
Car insurance
Emergency Saving
School Books
Rent
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a fixed expense?
Eating out
Gas
Entertainment
Car maintenance
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