1. Budgeting

1. Budgeting

Assessment

Passage

Financial Education

9th Grade

Easy

Created by

Carrie Pokallus

Used 7+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a budget?

A spending plan based on income and expenses

A list of all your debts

A plan to save all your money

A method to avoid all expenses

2.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

The 50/30/20 budget allocates 30% of your income to ______.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary purpose of a budget?

To deprive yourself of spending

To take control of your money

To increase your debts

To avoid all financial planning

4.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

A good budget helps you save for the future by earmarking money for an emergency fund and ______ goals.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a step in starting a budget?

Outline your income

Track expenses

Review account balances

Ignore debts

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which budgeting system involves using envelopes for different spending categories?

50/30/20 budget

Envelope system

Zero-based budgeting

Pay-yourself-first budgeting

7.

REORDER QUESTION

1 min • 1 pt

How to budget money...Reorder the following:

Choose a budgeting system

Practice budget management

Track your progress

Figure out your net income

Automate your savings

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