Monthly Budgeting Pre-Quiz

Monthly Budgeting Pre-Quiz

University

5 Qs

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Monthly Budgeting Pre-Quiz

Monthly Budgeting Pre-Quiz

Assessment

Quiz

Financial Education

University

Easy

Created by

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