Money Management Quiz

What is the term used to describe the money you earn from working or investments?

• Expense

• Income

• Debt

• Budget

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Which of the following is a simple procedure to calculate the total amount of money you have after saving $50 each month for 6 months?

• $50 + 6

• $50 \times 6

• $50 - 6

• $50 \div 6

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What is the term for the money you owe to someone else?

• Savings

• Income

• Debt

• Investment

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• $125

• $175

• $225

• $275

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What is a budget?

• A plan for how to spend and save money

• A type of bank account

• A loan from a bank

• A form of income

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Which of the following is an example of an expense?

• Salary

• Interest earned

• Grocery bill

• Savings account

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If you save $10 each week, how much will you have saved after 4 weeks?

• $10

• $20

• $30

• $40

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What is the term for the money set aside for future use?

• Debt

• Expense

• Savings

• Income

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Which of the following is a basic concept of money management?

• Spending more than you earn

• Keeping track of your expenses

• Ignoring your budget

• Not saving any money

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• $30

• $40

• $50

• $60

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