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Budgeting Quiz

Total questions: 20

Worksheet time: 35mins

Name
Class
Date
1.

According to the 50‑30‑20 rule, what percentage of your income should go toward needs?

4 lines
2.

In the Cups Pyramid Game, if you start with $1,000 and lose $300, how much remains?

4 lines
3.

True or False: You should treat an emergency fund as untouchable except for true crises.

4 lines
4.

If your profession grants you a $2,500 monthly stipend in the Spin the Wheel round, how much goes to wants (30%)?

4 lines
5.

What’s the first step you take when you face a sudden spike in expenses?

4 lines
6.

At what miss‑ball penalty level do you lose $100 per miss?

4 lines
7.

If you’ve borrowed $1,000 and repay $200 per month for five months, have you fully repaid?

4 lines
8.

Name one high‑priority “need” expense you must budget for each month.

4 lines
9.

True or False: Discounted “wants” items should count against your 20% savings category.

4 lines
10.

What’s one actionable tip to improve your budget stability after seeing a fluctuating graph?

4 lines
11.

Your income is $4,800. How much goes to needs?

a)

$1,440

b)

$2,400

c)

$960

d)

$3,360

12.

Start with $1,000, lose $300, gain $150. What’s left?

a)

$850

b)

$700

c)

$1,150

d)

$1,000

13.

Emergency fund: $5,000. Withdraw $1,200. What percentage remains?

a)

76%

b)

64%

c)

80%

d)

88%

14.

Monthly stipend is $2,500, 30% goes to wants. What’s left for needs + savings?

a)

$1,750

b)

$1,500

c)

$2,250

d)

$1,250

15.

Sudden expenses hit. What do you do first?

a)

Spend fast

b)

Budget review + essentials only

c)

Discretionary spree

d)

Take a loan

16.

At what level do you lose $200 per miss in Cups Pyramid?

a)

$100

b)

$200

c)

$300

d)

$400

17.

Borrowed $1,000, repay $200/month for 5 months at 5% monthly interest. Total interest paid?

a)

$50

b)

$100

c)

$150

d)

$250

18.

Which is a high-priority “need”?

a)

Subscriptions

b)

Rent

c)

Dining out

d)

Vacation fund

19.

Buy a discounted want for $80. Where does it go in your budget?

a)

20% savings

b)

30% wants

c)

50% needs

d)

Misc.

20.

Budget looks wobbly. What’s a stabilizing move?

a)

Spend more

b)

Automate savings

c)

Skip tracking

d)

Cut savings