
Understanding Budgeting
Quiz
•
Financial Education
•
9th Grade
•
Practice Problem
•
Hard
Carrie Pokallus
FREE Resource
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14 questions
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1.
MATCH QUESTION
30 sec • 1 pt
Match the following budgeting methods with their descriptions:
Envelope system
Prioritize savings before spending
Pay-yourself-first budgeting
Allocate money into envelopes for different categories
Zero-based budgeting
Every dollar is assigned a purpose
50/30/20 budget
Spend 50% on necessities, 30% on wants, 20% on savings
2.
DROPDOWN QUESTION
30 sec • 1 pt
Budgeting can help you (a) your relationship with money.
Ignore
Understand
Complicate
Forget
3.
MATCH QUESTION
30 sec • 1 pt
Match the following purposes with their descriptions.
Purposefully neglecting account balances and debts
To understand financial obligations
Spending more without considering financial status
To increase spending
Not planning financial expenses
To ignore them
Reviewing account balances to know what is owed
To avoid budgeting
4.
DROPDOWN QUESTION
30 sec • 1 pt
Tracking your income and expenses helps you (a) patterns.
Ignore
Identify
Complicate
Forget
5.
MATCH QUESTION
30 sec • 1 pt
Match the following actions with their appropriate responses when stuck while budgeting.
If you choose to disregard your financial plan, what are you doing?
Ignore the budget.
When you need guidance on budgeting, what should you consult?
Give up
If you think buying more will solve your budgeting issues, what is your action?
Spend more
When you feel overwhelmed and want to quit, what should you do?
Refer to budgeting tips
6.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Budgeting encourages you to put your money to work in the best way possible and helps you identify what's ______ up too much of your cash.
7.
DRAG AND DROP QUESTION
30 sec • 1 pt
The zero-based budgeting system assigns every dollar a (a) . A) Debt B) Purpose C) Expense D) Income.
Debt
Purpose
Expense
Income
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