Budgeting Quiz

Guess what? Creating a budget can actually make you feel like a superhero! But how so?

• Because budgeting wizards earn gold coins and live in castles, leading a lavish life!

• It's like having a magic wand that puts you in charge of your treasure chest, guiding you to make wise choices and boosting your confidence!

• Only the knights and queens of the corporate realm can truly master the art of budgeting, earning them admiration far and wide!

• Once you've cast your budgeting spell, it's all smooth sailing. You can kick back, relax, and watch your garden of gold grow without a worry!

Imagine Jenny, who's just ventured into the exciting world of living solo and is balancing her full-time job. Among the list below, which item would she NOT include in her 'Monthly Bills' category?

• Internet Bill

• House Payment

• Ice Cream Splurge Fund

• Health Insurance

Ready to dive into the world of budgeting? Let's start with the basics! The two main portions of a budget are...

• income and expenses

• cash and checks

• digital payment vs in-person payments

• buy and save

Ever wondered why it's super important to figure out if something is a NEED or a WANT?

• Needs are the real MVPs of our budget, while wants should never see the light of our wallets!

• While needs might make your wallet cry, wants are like those cheap thrills that don't really count, right?

• Imagine having two budgets - one for needs and one for wants. Sounds like a hassle, doesn't it?

• First things first, cover your needs in your budget. Then, if your piggy bank allows, sprinkle some wants for fun!

Imagine Cory's in a world where data is like oxygen for his daily activities! In which scenario does Cory absolutely NEED unlimited data to thrive?

• Cory's a Netflix junkie! He's hooked on streaming shows every day and wants to catch up on his favorite series at school.

• Unlimited data is Cory's ticket to endless gaming adventures with his pals, no matter where he is. He's a gaming fanatic!

• Cory's on a mission to conquer TikTok and become a viral sensation. He needs to stay connected with his fans 24/7.

• With an hour-long bus journey to and from school, Cory's online homework can't wait. He needs that time to submit his assignments on the go.

🌟 Imagine you're at the mall with Becky. How would you help her figure out if something is a total MUST-HAVE or just a nice-to-have? 🌟

• 🤔 Would the world end if you didn't snag this item?

• 😎 Is this the secret to becoming the coolest kid on the block?

• 💖 Could this be the key to ultimate happiness?

• 👩‍🏫 Would your teachers throw a party if you got this, or would they rather not know?

Guess what? Bluey has a part-time gig that pays a cool $9 per hour. This time around, he hustled for 10 whole hours. Can you figure out how much moolah he's made before any of those pesky taxes?

• $9

• $90

• $90, minus any taxes she has to pay

• $90, plus any taxes she has to pay

Guess what? Bingo just got her paycheck! 🎉 She noticed her gross pay is a cool $250, but her net pay is $200. Can you figure out how much was taken out for deductions this time?

• $50

• $200

• $250

• $450

Why is it super smart to use your NET pay when crafting your budget masterpiece?

• Your net pay is like a treasure chest that's always overflowing, so you'll have heaps of gold to play with!

• Think of your net pay as the most accurate map to your treasure, showing you exactly how much loot you have to spend or save!

• Your employer is the keeper of the gross pay secrets, but you, brave explorer, only know the mysteries of your net pay.

• With your net pay in hand, you're like a wizard who can magically figure out tax deductions before conjuring up your budget potion!

Let's dive into a budget adventure! The mighty federal government has a treasure chest, and it divides its gold coins into three massive chests – mandatory spending, discretionary spending, and .... What's the name of the third chest?

• interest on debt

• the Constitution

• budget funds

• free programming