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Budgeting Unit Day 2 Exit Slip

Total questions: 3

Worksheet time: 2mins

Name
Class
Date
1.

What does it mean to "pay yourself first?"

a)

Set aside fun money so you can spend it.

b)

Deposit a set amount of money into your savings after each paycheck so that you don't spend it.

c)

Be employed and have a job.

d)

To do all of your budgeting at the end of the month.

2.

Which of the following is a recurring expense

a)

Graduation present for your sister

b)

a large repair bill

c)

a concert ticket

d)

Daily Starbucks Latte

3.

Devin is using the envelope budgeting method. He wants to go out with friends and his restaurant envelope only has 5 dollars left in it. What advice would you give him?

a)

Borrow money from another category

b)

use a credit card and pay it off next month.

c)

dip into your emergency fund to pay for supper

d)

suggest other options to friends that don't involve going out.