Budgeting and Saving

Budgeting and Saving

8th - 10th Grade

10 Qs

quiz-placeholder

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Budgeting and Saving

Budgeting and Saving

Assessment

Quiz

Life Skills, Business

8th - 10th Grade

Medium

Created by

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

Preparing a budget includes
Income, Expenses, Saving
Only listing your expenses
Only listing your debts
Only listing your income

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following most accurately describes a budget deficit?
the money left over after all expenses are paid
the difference between income and expenses
expenses owed every month
not having enough money to cover expenses

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Media Image

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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