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Personal Finance - CH02: OQs

Authored by Ramsey Seweingyawma

Mathematics

9th - 12th Grade

CCSS covered

Used 3+ times

Personal Finance - CH02: OQs
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7 questions

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1.

OPEN ENDED QUESTION

5 mins • 10 pts

List the Four Walls. What priority are those in your budget?

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2.

OPEN ENDED QUESTION

5 mins • 10 pts

Explain the difference between a fixed expense and a variable expense, and include an example of each.

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3.

OPEN ENDED QUESTION

5 mins • 10 pts

What are some key components of successful budgeting?

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4.

OPEN ENDED QUESTION

5 mins • 10 pts

Describe irregular income and give examples.

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5.

OPEN ENDED QUESTION

5 mins • 10 pts

What makes a budget a zero-based budget?

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6.

OPEN ENDED QUESTION

5 mins • 10 pts

What's an example of an unexpected expense that may occur? How would you adjust your budget to ensure that you don't overspend that month?

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Tags

CCSS.RI.1.1

CCSS.RI.2.1

CCSS.RI.3.1

CCSS.RL.2.1

CCSS.RL.3.1

7.

OPEN ENDED QUESTION

5 mins • 10 pts

Explain cash-flow statements. How do they work and what specifically do they how you? Give examples of how a cash flow statement will help you adjust your budget for the following month.

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