Budgeting Basics Quiz
Quiz
•
Mathematics
•
12th Grade
•
Practice Problem
•
Hard
+6
Standards-aligned
Maria Palma
FREE Resource
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a budget?
A plan for spending and saving money
A list of only your wants
A savings account
A bank loan
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is budgeting important?
It makes money grow automatically
It helps you track income and expenses
It guarantees becoming rich
It eliminates taxes
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a need?
Netflix subscription
Rent payment
Vacation trip
Concert ticket
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a want?
Groceries
Gas for car
Fast food
Electricity bill
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the 50-30-20 rule, what percent should go to savings and debt repayment?
10%
20%
30%
50%
Tags
CCSS.6.RP.A.3C
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you spend too much on wants, which category will most likely suffer?
Needs
Savings/Debt
Investments
Both b and c
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which is the first step in creating a budget?
Buy what you like
Write down your monthly income
Guess your expenses
Borrow money
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