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WorksheetsPersonal Finance: Budgeting Quiz
Total questions: 10
Worksheet time: 5mins
Creating a budget can make you feel powerful! Why?
People who budget earn more money, so they can live a better life
A budget puts you in control of your spending and saving, so you make good decisions and feel more confident
You can't really budget unless you have an important job, which means that other people look up to you
Budgeting is extremely easy, so once you set it up, you are done for good and can spend time on other things
Adda has just moved into her own apartment and is working full time. Each item below would go into her budget in the "Monthly Bills" category EXCEPT...
rent
cell phone plan
clothing
car insurance
Marshawn is trying to determine if an item at the mall is a NEED or a WANT. Which question will be most helpful?
Will something bad happen if I don't have this item?
Do any of my friends have this item?
How happy will this item make me?
Will my teachers be excited if I buy this item, or will they be disappointed?
What was Hope’s gross pay during this pay period?
$600
$284.79
$78.30
$2836.89
The spending personality called "The Thinker" is someone who
spends money without thinking about consequences
chooses not to spend any extra money on wants
cares a lot about others and often feels guilty about having more money than others
avoids thinking about money at all
Who has to pay taxes to the US government?
Every citizen, regardless of their age or working status
Every person or company that earns income in the US
Anyone who owns a home or attends a public school
No one has to - taxes are a voluntary program
Brandon receives his paycheck, and it says his gross pay is $250 and his net pay is $200. How much money did he have in deductions this pay period?
$450
$250
$50
$0
Ethan is considering updating his cell phone plan to include unlimited data. In which situation could unlimited data be a NEED for Ethan?
He loves watching movies, and he's already paid for all the streaming services, so now he needs the data
Unlimited data will allow him to play video games with his friends even when he's not at home, and he LOVES video games
He has so many social media accounts, and he needs to be able to check them throughout the day, even while in school
He has an hour-long bus ride each direction to and from school, and he needs that time to complete homework and submit it all online
What is an example of a monthly variable cost?
groceries
car payment
gym membership
student loan payment
Check the following that are reasons why it is helpful to think about your goals and future. Select all that apply.
You can break your goals into smaller goals and celebrate each win.
You can reach out to people who are where you want to be for advice.
You can plan out every detail of your life.
You can use your time wisely and figure out what's important to you.
