Budget Test

What is a budget?

• A new video game

• A type of food

• A list of favorite movies

• A plan for spending money

What should you do first when creating a budget?

• Watch a movie

• Go shopping

• Calculate how much money you earn

• Decide what you want to buy

What is money that you owe called?

• Debt

• Savings

• Donation

• Income

Why is it important to have a budget?

• To make sure you can buy all the video games you want

• To plan for the future and make responsible choices

• To memorize all the movies you've watched

• To win a race

What can change our budgets?

• Your favorite TV show

• The color of your house

• The weather

• Changing needs and wants

What is the monthly income used in the practice budget?

• $1,000

• $2,000

• $4,000

• $3,000

How much does an apartment cost per month according to the Budget Choice Card?

• $300

• $400

• $600

• $500

What should you consider first after meeting your needs in the budget?

• Savings and Donations

• Buying video games

• Eating out

• Going to the movies

How much does it cost per month to have both cable and internet according to the Budget Choice Card?

• $250

• $200

• $150

• $100

What is the cost of keeping a cat or dog per month?

• $50

• $75

• $100

• $125