Chapter 2 Budgeting Basics

Chapter 2 Budgeting Basics

32 Qs

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Chapter 2 Budgeting Basics

Chapter 2 Budgeting Basics

Assessment

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32 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Although the majority of Americans think budgeting is important, about of Americans actually use a budget.

75%
50%
23%
35%

2.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Which of the following is NOT a component of a budget?

Credit score
Saving
Income
Giving

3.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

Online budgeting apps are more effective than budgeting with pen and paper.

True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

What are the Four Walls?

Utilities, college fund, restaurants, and car insurance
Cell phone bill, car insurance, shelter, and money for the movies
Food, utilities, transportation, and college fund
Food, utilities, shelter, and transportation

5.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

How many categories should you have in your budget?

15 or more
No limit; use as many as you need to keep your budget accurate!
No more than 10
At least 3

6.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

How often should you create a budget?

Daily
Weekly
Monthly
Biannually

7.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

If you get married, only one person is responsible for budgeting.

True
False

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