Budget Basics

Budget Basics

6th Grade

12 Qs

quiz-placeholder

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Budget Basics

Budget Basics

Assessment

Quiz

Life Skills

6th Grade

Practice Problem

Hard

DOK Level 1: Recall

Standards-aligned

Created by

Alice Smith

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12 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in creating a personal budget plan?

Setting financial goals

Tracking spending habits

Listing all sources of income

Differentiating between needs and wants

Tags

DOK Level 1: Recall

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is considered a "need" rather than a "want"?

A new smartphone

Monthly rent

Dining out at a restaurant

A vacation trip

Tags

DOK Level 1: Recall

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the term for money received from work, investments, or other sources?

Expense

Budget

Income

Savings

Tags

DOK Level 1: Recall

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

Groceries

Utility bills

Entertainment

Monthly car payment

Tags

DOK Level 1: Recall

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of setting financial goals?

To track daily spending

To differentiate between needs and wants

To plan for future financial stability

To list all sources of income

Tags

DOK Level 1: Recall

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which tool can help you track your spending habits?

A calendar

A budget app

A cookbook

A dictionary

Tags

DOK Level 1: Recall

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What should you do if you have unexpected expenses?

Ignore them

Use your emergency fund

Borrow money from friends

Stop budgeting

Tags

DOK Level 1: Recall

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