Budgeting
Quiz
•
Business
•
6th - 8th Grade
•
Medium
Erica Randolph
Used 7+ times
FREE Resource
Enhance your content
22 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
2.
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
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
When making a budget, a person’s needs should come before their wants.
True
False
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
If an expense can be cut from your budget to save money, it is considered a ______.
want
need
income
savings
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Of all the choices, which one should you budget for first?
Groceries
Entertainment
Cell Phone Bill
New Car
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
What is a need?
Something you must have
Something you'd like to have
Something you would like to do
All of the above
7.
MULTIPLE CHOICE QUESTION
1 min • 5 pts
Why is it important to be able to decide if an item is a NEED or a WANT?
You cannot create a budget that has both needs and wants included -- you need them each in a separate budget
Needs can be very expensive, but wants are usually far less expensive so you don't need to keep track of them
Needs are worth spending money on, but you should never spend on a want
When you budget, you should make sure all your needs are met first, then you can decide to spend on wants
Create a free account and access millions of resources
Create resources
Host any resource
Get auto-graded reports

Continue with Google

Continue with Email

Continue with Classlink

Continue with Clever
or continue with

Microsoft
%20(1).png)
Apple

Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?
Similar Resources on Wayground
20 questions
Google Applications
Quiz
•
8th Grade
25 questions
7 EMS: Terminology Revision 2
Quiz
•
7th Grade
26 questions
Financial Literacy Quiz
Quiz
•
8th Grade
25 questions
Entrepreneurship Pre-test
Quiz
•
7th Grade
18 questions
Accounting Review
Quiz
•
8th - 12th Grade
25 questions
MS Math and Money quiz
Quiz
•
6th - 8th Grade
19 questions
Higher Business Management - People & Finance Revision
Quiz
•
5th - 6th Grade
27 questions
Accounting Terms
Quiz
•
4th - 9th Grade
Popular Resources on Wayground
20 questions
Brand Labels
Quiz
•
5th - 12th Grade
10 questions
Ice Breaker Trivia: Food from Around the World
Quiz
•
3rd - 12th Grade
25 questions
Multiplication Facts
Quiz
•
5th Grade
20 questions
ELA Advisory Review
Quiz
•
7th Grade
15 questions
Subtracting Integers
Quiz
•
7th Grade
22 questions
Adding Integers
Quiz
•
6th Grade
10 questions
Multiplication and Division Unknowns
Quiz
•
3rd Grade
10 questions
Exploring Digital Citizenship Essentials
Interactive video
•
6th - 10th Grade