Monthly Budgeting Pre-Quiz

Quiz
•
Financial Education
•
University
•
Easy

CSTEP Organization
Used 1+ times
FREE Resource
5 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in creating a monthly budget?
Determine your total income after taxes
Calculate your annual expenses
Set aside fun money
List all your debts
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT considered a monthly expense?
Car payments
Holiday gifts
Rent payments
Utility bills
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to set goals before creating a budget?
To ensure you spend all your income
To align your budget with long-term plans
To avoid paying taxes
To increase your monthly expenses
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should you do after tracking your spending?
Ignore the data
Create categories within your budget
Stop budgeting
Spend more on entertainment
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a recommended strategy for sticking to a budget?
Review and revise your budget regularly
Set no limits on spending
Spend all your savings
Avoid tracking your expenses
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