Budgeting for School Supplies Quiz

Why is budgeting compared to a GPS for your money?

• It shows you the shortest route to becoming rich.

• It guides you to reach your financial goals without unexpected detours.

• It helps you find new places to spend money.

• It helps you avoid spending money altogether.

What is the first step in starting your financial journey for school supplies?

• Ignoring the budget and buying what you like.

• Asking friends for their supply lists.

• Listing everything you might need for the school year.

• Buying the most expensive items first.

How can you categorize items on your school supply list?

• By necessity, luxury, and swag.

• By price and brand.

• By the store they are sold in.

• By color and size.

What is a recommended strategy before purchasing school supplies?

• Ignoring sales and discounts.

• Only buying new items and avoiding secondhand options.

• Comparing prices online and looking for student discounts.

• Buying everything from the first store you visit.

Why is it important to reflect on your spending after shopping?

• To decide what to return to the store.

• To feel guilty about overspending.

• To compare it to your initial list and improve future budgeting skills.

• To brag about how much you spent.