Personal Budget Study Guide

Personal Budget Study Guide

9th - 12th Grade

64 Qs

quiz-placeholder

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Personal Budget Study Guide

Personal Budget Study Guide

Assessment

Quiz

Other

9th - 12th Grade

Medium

Created by

Lauren Stillwell

Used 18+ times

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64 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an itemized summary of the expected income and expenses for a defined period of time?

Net worth

Balance sheet

Budget

Equity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an expense which stays relatively the same from month to month, such as a car payment or rent?

Fixed expense

Variable expense

Estimated expense

Equity expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a variable expense?

Rent

Entertainment

Car payment

Electricity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following money personalities is described as a person who enjoys spending their money either on themselves or others rather than saving it?

Saver

Spender

Security seeker

Flyer

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a common budgeting strategy?

Ensuring expenses are greater than income

Separating needs from wants

Creating a savings plan

Establishing an emergency fund

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is the sum of the individual’s current assets minus the individual’s total liabilities?

Variable expenses

Liquid assets

Net worth

Budget

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are goals which can be achieved in less than a year of time?

Short-term goals

Intermediate-term goals

Long-term goals

Lifetime goals

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