Effective Personal Money Management

Effective Personal Money Management

6th Grade

15 Qs

quiz-placeholder

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Effective Personal Money Management

Effective Personal Money Management

Assessment

Quiz

Social Studies

6th Grade

Practice Problem

Hard

Created by

John Robinson

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Setting money aside to use in the future

Budget

Expense

Income

Saving

2.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

It is not important to consider saving money for the future.

True

False

3.

MULTIPLE CHOICE QUESTION

1 min • 5 pts

Where does the money come from for a household to survive on a monthly basis?

Emergencies

Income

Expenses

Savings

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

The process of projecting, organizing, monitoring, and controlling future income and expenses is known as ________________.

Budgeting

Investing

Personal Finance

Money Management

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

In case of emergency you should have what...

Good Credit

Money Saved

Budget Plan

Credit Card

6.

MULTIPLE CHOICE QUESTION

1 min • 10 pts

Choose the correct definition of budget.

A. a tool for planning and keeping track of how much

money is saved and how much is spent

B. a tool for increasing income and costs

C. a tool for making decisions about jobs or careers

D. a tool for finding more resources to produce goods

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Every month after my parents pay all of the family’s bills they set aside a little bit of money for the family to do fun things like go to the movies, bowling and even go to amusement parks.
My family uses a _____________

income 

debt 

interest 

budget 

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