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Personal Finance Basics Quiz

Total questions: 10

Worksheet time: 30mins

Name
Class
Date
1.

What is a budget?

4 lines
2.

What are expenses?

4 lines
3.

What is the 50/30/20 rule in budgeting?

4 lines
4.

What happens if you spend more than you earn?

4 lines
5.

What is an emergency fund?

4 lines
6.

Why is a good credit score important?

4 lines
7.

What is considered a “good” credit score?

4 lines
8.

What affects your credit score?

4 lines
9.

When can you start building credit?

4 lines
10.

What’s a good way to decide if something is a need or a want?

4 lines