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Unit 4 Budgeting

Authored by Sheila McKay

Life Skills

10th - 12th Grade

Used 55+ times

Unit 4 Budgeting
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37 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In financial planning, you crash and burn when you run out of money and can't pay your bills.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What a person considers to be important or beneficial is a _____.

value

goal

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The things you want to accomplish are _____.

goals

values

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What you give up when you make one choice instead of another is called ______.

opportunity cost

disadvantage

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Personal Financial Planning is based around your financial goals and values.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first step in personal financial planning is to

Determine your current financial situation

Develop your SMART goals

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Smart goals are specific, measurable, attainable, relevant, and time-bound.

True

False

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