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Week 26 -Budgeting Quiz

Authored by Selena Diaz

Social Studies

3rd Grade

Used 2+ times

Week 26 -Budgeting Quiz
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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a budget?

A) A plan for how much money you want to save.

B) A list of monthly bills to be paid.

C) A record of past expenses.

D) A document for tracking work hours.

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does planning a budget usually begin with?

A) Deciding what you want to buy.

B) Calculating how much money you owe.

C) Determining how much money you earn.

D) Setting short-term and long-term goals.

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Money you owe is money you have to pay back for something you have already __________.

A) planned to buy.

B) saved.

C) received.

D) donated.

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What should a good budget balance?

A) The money you earn and the money you spend.

B) The number of items you buy and sell.

C) The amount of money you borrow and lend.

D) The cost of food and entertainment.

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Why do people set goals when they create a budget?

A) To track their work hours.

B) To make good decisions about money.

C) To calculate their taxes.

D) To list their monthly bills.

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What can cause our budgets to change?

A) Changes in the stock market.

B) Changes in our needs and wants.

C) Changes in the weather.

D) Changes in the number of hours we work.

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the first step in creating a budget according to the text?

Decide what you are saving for

Write down how much money you receive

Allocate money to important items

Pay for music lessons or other expenses

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