Budgeting

Budgeting

11th Grade

25 Qs

quiz-placeholder

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Budgeting

Budgeting

Assessment

Quiz

English

11th Grade

Practice Problem

Hard

CCSS
RI.9-10.4, L.11-12.4A, 7.RP.A.3

+26

Standards-aligned

Created by

Sarah Williams

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is false about budgets?

keeps you from overspending

shuts down risky spending habits

gets you approved faster for loans

helps you plan your future purchases

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

While having savings won't make you rich, it is recommended that you have an emergency fund of ____ months of expenses put aside.

1-2

3-5

6-12

3-6

Tags

CCSS.7.RP.A.3

3.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Media Image

Why is it important to review your budget at the end of the month?

To adjust your monthly allowance

To understand your spending habits

To set new goals for your savings

To make a new shopping list

4.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Media Image

What is the first step in managing your budget?

Saving leftover coins

Making a shopping list

Choosing affordable meals

Reviewing your spending

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

a plan outlining an estimate of expected income and expenditure

for a given period of time

foreshadow

evidence

conversion

budget

Tags

CCSS.RI.11-12.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.9-10.4

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a good strategy for managing irregular income?

Spend less during months with lower income

Use credit cards to cover shortfalls

Create a budget based on average income

Avoid saving until income stabilizes

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What should you do if you consistently spend more than you earn?

Continue spending as usual

Borrow money to cover the deficit

Adjust your budget to cut unnecessary expenses

Increase your fixed expenses

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