Budgeting Quiz

Budgeting Quiz

11th Grade

20 Qs

quiz-placeholder

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Budgeting Quiz

Budgeting Quiz

Assessment

Quiz

Life Skills

11th Grade

Practice Problem

Medium

Created by

Lauren Gemus

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

What is a budget?

A balance between income and expenses

A plan for how money will be used

A list of expected income and expenses

A list of unexpected income and expenses

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to your notes, what percentage of your income should be spent on housing?

10%

15%

25%

35%

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the average income of an Ontarian?

$13,247.50

$17,706.15

$50,589

None of the above.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much should you be spending on housing if you are making the average income of an Ontarian?

$36,000

$13,247.50

$17,706.15

$28,000

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the recommended percentage of income to be spent on transportation?

35%

15%

25%

10%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the text, what is the key to financial stability?

Side job pay

Social benefits

Managing your money

Investment income

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the quote by Dave Ramsey about budgeting?

Do not save what is left after spending, but spend what is left after saving.

A budget is telling your money where to go instead of wondering where it went.

It's not your salary that makes you rich, it's your spending habits.

A budget tells us what we can't afford, but it doesn't keep us from buying it.

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