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Budgeting Unit Review

Authored by GINA LEE

Life Skills

9th Grade

Used 2+ times

Budgeting Unit Review
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45 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the definition of financial goals?

Specific monetary objectives set to be achieved within a defined time frame.

General plans for spending money without a time limit.

Random ideas about saving money.

Unplanned expenses that occur suddenly.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT listed as an importance of financial goals?

Provide you with direction and purpose.

Allow for measurement of progress.

Increase your monthly expenses.

Reduce financial stress by providing a sense of control.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do financial goals help with decision-making?

By prioritizing spending and saving.

By encouraging random purchases.

By ignoring your budget.

By increasing financial stress.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A student wants to feel more motivated about saving money. According to the material, how can setting financial goals help?

By clarifying what they are working towards.

By making saving money more confusing.

By reducing their sense of control.

By encouraging them to spend more.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to measure progress towards financial goals?

It allows you to see how close you are to achieving your objectives.

It makes you spend more money.

It increases financial stress.

It reduces your motivation.

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best describes the "Specific" aspect of the S.M.A.R.T Goals Framework?

Goals should be clear and specific.

Goals should be easy to achieve.

Goals should be measured by time.

Goals should be related to money.

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the "Measurable" component of a S.M.A.R.T goal require?

Setting a deadline for the goal.

Including criteria to measure progress.

Making the goal easy to achieve.

Ensuring the goal is important.

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