Personal Budget

Personal Budget

5th Grade

14 Qs

quiz-placeholder

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Personal Budget

Personal Budget

Assessment

Quiz

Social Studies

5th Grade

Medium

Created by

Sabrina DeBow-Rose

Used 3+ times

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14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can you budget money wisely?

spend impulsively

ignore tracking expenses

never review or adjust budget

spend less money than you earn

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What's the best thing you can do to make sure that you spend less money than you earn each month?

invest in the stock market

take out a loan

make a personal budget

use credit cards on everything

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What part of a personal budget represents the amount of money a person could put into a savings account every month?

expenses
investments
income

net income

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What element of a personal budget records the things that a person spends money on?

income

interest

bonuses

expenses

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What would help a couple improve their finances?

Creating a personal budget to identify how to reduce spending

Ignoring their financial situation
Spending more than they earn
Not setting financial goals

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should a person make sure to balance when creating a personal budget?

competition and cooperation

spending and savings

risk and reward

purchasing and investing

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the most reasonable goal for a person's financially responsible personal budget?

To never save money and live paycheck to paycheck

To spend less than they earn

To spend more than they earn and rely on credit cards
To invest all their savings in high-risk ventures

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