Budgeting and Income Quiz

What is a budget?

• A type of car

• A plan for saving and spending money

• A book about vacations

• A kind of food

Jose received his first paycheck. What is this an example of?

• Money you save

• Money you earn or receive

• A type of expense

• A vacation destination

Yimi receives an allowance of $10 per week. How much will he have in four weeks?

• $30

• $40

• $50

• $60

Marcela is planning her weekend activities. Which of the following is considered an expense?

• A gift from your friend

• Money you find on the street

• Buying a ticket to a movie

• A free lunch at school

Johandy is planning a vacation. Why is it important for him to have a budget?

• To know how much money Avery can spend

• To decide where to go

• To pack Avery's suitcase

• To choose Avery's clothes

Ale is planning her vacation budget. What is an example of entertainment that she might include?

• Buying groceries

• Going to an amusement park

• Paying rent

• Saving money

Alan has a total income of $100 and his expenses are $75. How much money does he have left?

• $15

• $25

• $50

• $100

What should you do if your expenses are more than your income?

• Spend more money

• Save less money

• Find ways to reduce expenses

• Buy a new toy

Franklin receives a weekly allowance. How can this help him learn about budgeting?

• It teaches her to spend money without thinking

• It helps her practice making spending decisions

• It shows her how to ask for more money

• It lets her avoid saving money

Which is NOT a part of Mrs. Johnson's vacation budget?

• Expenses

• Income

• Grading Papers

• Allowance to her kids