Mastering Practical Budgeting Techniques
Interactive Video
•
Mathematics
•
6th - 10th Grade
•
Practice Problem
•
Hard
+5
Standards-aligned
Lucas Foster
FREE Resource
Standards-aligned
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the main benefit of budgeting according to the speaker?
It increases your income.
It helps you save more money.
It allows you to spend without guilt.
It reduces your taxes.
Tags
CCSS.RL.2.6
CCSS.RL.8.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a zero-based budget?
A budget where income minus expenses equals zero.
A budget with no savings.
A budget that excludes entertainment expenses.
A budget that only includes fixed costs.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to budget together if you are married?
To avoid money fights and disagreements.
To increase your income.
To reduce your expenses.
To save more money.
Tags
CCSS.RI.6.3
CCSS.RI.6.5
CCSS.RI.8.3
CCSS.RI.9-10.3
CCSS.RI.9-10.5
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why should you create a new budget every month?
To reduce your debt.
To save more money.
To avoid overspending.
Because each month has different expenses.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the 'four walls' that should be prioritized in a budget?
Clothing, education, healthcare, and subscriptions.
Savings, investments, insurance, and debt.
Entertainment, dining out, shopping, and travel.
Food, shelter, utilities, and transportation.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should you do if you have extra money left over in your budget?
Donate it all.
Save it for next month.
Spend it on entertainment.
Put it towards your current baby step.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it recommended to use cash for categories you tend to overspend on?
It helps you stay accountable and within budget.
It increases your savings.
It helps you earn more interest.
It reduces your debt.
Tags
CCSS.RI.6.3
CCSS.RI.6.5
CCSS.RI.7.3
CCSS.RI.8.3
CCSS.RI.9-10.5
Access all questions and much more by creating a free account
Create resources
Host any resource
Get auto-graded reports
Continue with Google
Continue with Email
Continue with Classlink
Continue with Clever
or continue with
Microsoft
%20(1).png)
Apple
Others
Already have an account?
