Which one these is an example of a "FINANCIAL GOAL"? Options: Graduating from college, Becoming a teacher, Learning to play an instrument, Purchasing a new home
Budgeting Unit Test

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Financial Education
•
7th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Purchasing a new home
2.
FLASHCARD QUESTION
Front
Which of the following is NOT a good way to track your spending? In your head, Notebook and pencil, Envelope method, Online software or app
Back
In your head
3.
FLASHCARD QUESTION
Front
Creating a budget can make you feel powerful! Why?
Back
A budget puts you in control of your spending and saving, so you make good decisions and feel more confident.
4.
FLASHCARD QUESTION
Front
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: Cell phone plan, Rent, Clothing, Electricity bill
Back
Clothing
5.
FLASHCARD QUESTION
Front
The two main portions of a budget are...
Back
the money coming in (income) and the money you're spending (expenses)
6.
FLASHCARD QUESTION
Front
Why is it important to be able to decide if an item is a NEED or a WANT?
Back
When you budget, you should make sure all your needs are met first, then you can decide to spend on wants.
7.
FLASHCARD QUESTION
Front
Which of the following is an example of buying something you NEED? Options: "I want to replace something that is no longer working." , "I want to impress someone/ change how they feel about me." , "I'm feeling down, and I need to boost my spirits." , "I don't want to miss out on these deals during the sale!"
Back
"I want to replace something that is no longer working."
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