Budget basics

Budget basics

Assessment

Flashcard

Mathematics

9th - 12th Grade

Hard

CCSS
RI.11-12.3, RI.9-10.4, RI.11-12.7

+18

Standards-aligned

Created by

Wayground Content

FREE Resource

Student preview

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15 questions

Show all answers

1.

FLASHCARD QUESTION

Front

What is a budget?

Back

A budget is a plan for managing your money. It compares how much you earn (make) to how much you spend.

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

2.

FLASHCARD QUESTION

Front

True or False: A budget helps you save money for the things you really want.

Back

True

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

3.

FLASHCARD QUESTION

Front

True or False: A budget is not a helpful tool.

Back

False

Tags

CCSS.RI.11-12.7

CCSS.RI.8.7

CCSS.RI.9-10.7

CCSS.RL.11-12.7

CCSS.RL.9-10.7

4.

FLASHCARD QUESTION

Front

What does income refer to?

Back

Income is all the money you earn (make) over a period of time, usually a month.

5.

FLASHCARD QUESTION

Front

What is the purpose of creating a budget?

Back

The purpose of creating a budget is to manage your finances effectively by tracking income and expenses.

6.

FLASHCARD QUESTION

Front

What are fixed expenses?

Back

Fixed expenses are costs that do not change from month to month, such as rent or mortgage payments.

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

7.

FLASHCARD QUESTION

Front

What are variable expenses?

Back

Variable expenses are costs that can change from month to month, such as groceries or entertainment.

Tags

CCSS.7.NS.A.1C

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