Budgeting Basics Quiz

Budgeting Basics Quiz

12th Grade

30 Qs

quiz-placeholder

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Budgeting Basics Quiz

Budgeting Basics Quiz

Assessment

Quiz

Mathematics

12th Grade

Practice Problem

Hard

CCSS
6.RP.A.3C, 6.RP.A.3B, 7.EE.B.3

+6

Standards-aligned

Created by

Maria Palma

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30 questions

Show all answers

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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