Budgeting Basics

Budgeting Basics

9th - 12th Grade

7 Qs

quiz-placeholder

Similar activities

CCUSH29qProgressive Presidents: Crash Course US History #29 Quiz

CCUSH29qProgressive Presidents: Crash Course US History #29 Quiz

9th Grade

10 Qs

Ch 2 Vocab - Budgeting Basics

Ch 2 Vocab - Budgeting Basics

12th Grade

12 Qs

Financial Literacy for Young People

Financial Literacy for Young People

12th Grade

11 Qs

Tax/Tax returns Vocabulary

Tax/Tax returns Vocabulary

9th Grade

12 Qs

Budgeting Vocabulary (NGPF)

Budgeting Vocabulary (NGPF)

9th - 12th Grade

6 Qs

Early Retirement 2 Cents

Early Retirement 2 Cents

12th Grade

8 Qs

Prior Knowledge activity

Prior Knowledge activity

12th Grade

6 Qs

Personal Financial Planning - Final Assessment

Personal Financial Planning - Final Assessment

9th Grade - University

10 Qs

Budgeting Basics

Budgeting Basics

Assessment

Quiz

Financial Education

9th - 12th Grade

Hard

Created by

Kylee Holliday

Used 1+ times

FREE Resource

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to a 2024 Bankrate survey, what percentage of U.S. adults do not use a budget to manage their money?

44%

32%

17%

59%

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements about the 50/30/20 budgeting rule is true?

It recommends spending 50% of income on savings.

It was created by Warren Buffett as a wealth-building strategy.

It's based on after-tax income, not gross income.

It allocates 30% of income to fixed expenses like rent and insurance.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

According to the National Endowment for Financial Education (NEFE), what percentage of U.S. adults say they feel anxious when thinking about their personal finances?

22%

37%

60%

72%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following categories tends to take up the largest share of spending for the average U.S. household, according to 2023 Bureau of Labor Statistics data?

Transportation

Food

Housing

Healthcare

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What’s a key risk of using “pay yourself first” as a savings strategy without a budget?

It assumes you’ll always save more than you spend.

It can lead to underfunding fixed expenses like rent.

It encourages overspending on credit cards.

It eliminates the need to track income.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best reflects the average U.S. household credit card balance in 2024, according to the Federal Reserve?

$2,450

$5,910

$7,920

$9,385

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a student earns $600 a month from a part-time job and follows the 50/30/20 rule, how much should be allocated to wants each month?

$90

$120

$300

$180