Budgets

Budgets

12th Grade

24 Qs

quiz-placeholder

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Budgets

Budgets

Assessment

Quiz

Social Studies

12th Grade

Practice Problem

Medium

Created by

Erin Schwibbe

Used 11+ times

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24 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a need?

Bottle of Soda

Dr. Appointment

Netflix

Concert tickets

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a want?

Gas

Bus ticket

Taylor Swift Ticket

Phone bill

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the 50/30/20 rule

50 dollars for me, 30 dollars for you, 20 dollars for paying bills.

50% on expenses, 30% on wants, 20% on savings

save 50% for amusement, 30% for food, 20% for ice cream

save 50% when you spend $20 on the 30th of the month.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the fund for unexpected expenses.

budget

saving for goal

30% of budget

emergency fund

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

how much should you put away for savings?

2000 dollars

50%

none

10 -20%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What part of your budget goes for wants and optional items?

the biggest part

10%

30%

50%

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Savings accounts are really great for

Long term goals or emergencies

Wants

Immediate needs

Current bills

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