Search Header Logo

Finance Vocab 1

Authored by Myles Melancon

Financial Education

9th - 12th Grade

Used 1+ times

Finance Vocab 1
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A budgeting method that allows an individual to spend 50 percent on needs, 30 percent on wants, and 20 percent on savings.

Variable Expense

50-30-20

Savings Account

Investment

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A specific amount of money you aim to save for a particular purpose, like buying a new phone or saving for college.

Piggy Bank

Savings Goal

Emergency Fund

Discretionary Spending

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A plan for income and expenses during a set period

Fixed Expenses

Budget

Portfolio

Bank Account

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Regular, predictable expenses that are the same amount each time, like rent or a monthly subscription.

Variable Expense

Debt

Fixed Expenses

Need

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a good habit to start saving money?

Buying everything you want

Waiting for a sale to buy something

Putting a little money aside regularly

Only saving money on your birthday

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Expenses that can change in amount each time, like grocery bills or electricity costs.

Sales

Variable Expenses

Checking Account

Savings Account

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Discretionary Spending

Spending little at the store

Money spent on non-essential items or activities that you enjoy, like eating out or buying video games.

Saving money for just sales at the store

A financial goal

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?