PF - Chapter 2 - Budgeting Basics - Review

Quiz
•
Business
•
12th Grade
•
Medium
Shannon Keller
Used 8+ times
FREE Resource
36 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Although the majority of Americans think budgeting is important, about _______ actually use a budget.
75%
50%
23%
35%
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a component of a budget?
Credit score
Saving
Income
Giving
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Online budgeting apps are more effective than budgeting with pen and paper.
True
False
4.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
What are the Four Walls?
Utilities, college fund, restaurants, and car insurance
Cell phone bill, car insurance, shelter, and money for the movies
No limit; use as many as you need to keep your budget accurate!
Food, utilities, shelter, and transportation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many categories should you have in your budget?
15 or more
No more than 10
No limit; use as many as you need to keep your budget accurate!
At least 3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often should you create a budget?
Daily
Weekly
Monthly
Biannually
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If you get married, only one person is responsible for budgeting.
True
False
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