Budgeting and Saving

Quiz
•
Life Skills, Business
•
8th - 10th Grade
•
Medium

Amelia Elhage
Used 13+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If an expense can NOT be removed from your budget to save money, it is considered a _____.
Income
Want
Need
Savings
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is a budget?
An estimate of how much money people will give you.
An estimate of how much money you will earn and how much you will spend.
An estimate of how much money you will give to charity.
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A situation where income is greater than expenses is a ___ budget
deficit
surplus
income
expense
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What should you prioritise when considering spending?
Wants
Needs
Splurges
All of the above
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is the purpose of a personal budget?
To help keep track of expenses
To guide financial decisions
As a tool to help you save and take control of your income
All of the above
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