
Financial Literacy Quiz
Authored by Steve Campagnolo
Life Skills
7th Grade
Used 6+ times

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32 questions
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1.
OPEN ENDED QUESTION
3 mins • 3 pts
What is a budget and why is having one a good idea?
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2.
OPEN ENDED QUESTION
3 mins • 3 pts
Why did Tony suggest that Rachel avoid cutting her budget too severely?
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3.
OPEN ENDED QUESTION
3 mins • 3 pts
Do you plan to prepare a budget? If not, why not?
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4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A budget is:
spendable income
a plan for spending and saving money
your assets
take home pay
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Housing should be what percentage of your budget:
80%
100%
15%
33%
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An emergency fund should have how much in savings:
two weeks of spendable income
a year of FICA
two months of your 401K contributions
3-6 months of fixed income to cover your expenses
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A student loan is:
an IRA
good debt
a spending plan
bad debt
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