Budget Unit Review

Examples of Fixed Expenses include:

• Mortgage, loans, rent
• Cable, entertainment, food
• Gas, food, phone
• Clothing, gas, food

According to a rule of thumb, rent shouldn't take up more than ___ % of your take-home pay.

• 7-12%

• 10-15%

• 15-20%

• 25-30%

Tags

CCSS.6.RP.A.3C

Which of the following is NOT a cost of owning a car?

• License and Registration fees

• Gasoline

• Utilities

• Insurance

Tags

CCSS.3.OA.D.9

About how much of your income should go towards transportation?

• 5-10%

• 15-20%

• 25-30%

• 35-40%

Tags

CCSS.6.RP.A.3C

Jenna wants to decrease the amount of $ she spends on food. Which of the following would help?

Groups:

(a) Increase Spending

,

(b) Decrease Spending

• Go shopping when hungry

• Buy Name Brand products

• Buy store brand products

• Buy bulk items with a lower unit cost

• Buy prepared, processed foods

• Buy pre- cut produce

• Make a shopping list

• Buy whole produce

Which of the following is TRUE about unit pricing?

• Unit prices can help you compare the prices of similar items

• Unit price labels are universal throughout the country

• It's easy to compare quantities on a unit price label

• All states require unit price labels

Tags

CCSS.6.RP.A.3B

A 18oz box of cereal costs $4.99. How would you calculate the unit price?

• 18oz / $4.99

• 9 oz / $2.50

• $4.99 / 18oz

• (18oz) x ($4.99)

Tags

CCSS.6.RP.A.1

CCSS.6.RP.A.2

6 cans of tomato soup cost $14.99. What is the unit price?

• About $1.50

• About $2.50

• About $3

• About $3.50

Tags

CCSS.6.RP.A.3B

How does the 50/30/20 rule of thumb for budgeting allocate your income?

• 50% Needs, 30% Wants, 20% Savings & Debt Repayment

• 50% Wants, 30% Needs, 20% Savings & Debt Repayment

• 50% Savings & Debt Repayment, 30% Wants, 20% Needs

• 50% Needs, 30% Savings & Debt Repayment, 20% Wants

Tags

CCSS.6.RP.A.3C

If you live in an urban area, what type of transportation are you more likely to use?

• Public Tranit

• Personal Vehicle