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Budgeting Basics

Authored by Jacqueline Gonzales

Social Studies

3rd Grade

Used 2+ times

Budgeting Basics
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13 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a need?

A new video game

Water

A holiday trip

A trendy pair of shoes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a want?

Food

Shelter

A bicycle for fun rides

Medicine

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is budgeting important?

It helps you buy everything you want

It ensures you have enough money for needs and some wants

It makes you popular

It allows you to eat out every day

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a good strategy to save money?

Spend it as soon as you get it

Lend all your money to friends

Put a portion of your money into savings regularly

Buy everything on credit

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a smart way to handle wants?

Buy them immediately

Save a little each month until you can afford it

Borrow money to get it right away

Ignore your needs

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does it mean to prioritize your spending?

Buying the most expensive items first

Only buying things on sale

Choosing to spend money on the most important things first

Spending all your money on entertainment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can comparing prices help you save money?

It ensures you always buy the most expensive option

It can help you find the same item at a lower cost

It takes too much time and doesn't help

It makes shopping more complicated

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