Financial Math: Building a Budget
Quiz
•
Mathematics
•
9th - 12th Grade
•
Easy
+10
Standards-aligned
Jeff Da Moude
Used 1+ times
FREE Resource
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30 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a budget according to the text?
To track only your expenses
To help you manage your money by showing how much you have, need to spend, and can save
To increase your income from various sources
To ensure you spend all your money each month
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to prioritize your expenses when budgeting?
To avoid running out of money
To spend more on entertainment
To reduce your income
To ignore unnecessary expenses
3.
DRAG AND DROP QUESTION
30 sec • 1 pt
A budget can help you track (a) .
4.
DROPDOWN QUESTION
30 sec • 1 pt
(a) is NOT listed as a tool for budgeting in the material provided.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
According to the material, what should you do after writing down your income and expenses on paper?
Calculate the total number of expenses only
Subtract your expenses from your income to see how much money you have left
Ignore categorizing the expenses
Only focus on your needs and ignore wants and savings
Tags
CCSS.6.NS.B.3
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What can you divide your expenses into according to the budgeting advice given?
Only into savings
Needs, wants, and savings
Fixed and variable costs
Essential and non-essential
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in using the 50/30/20 rule to build a budget?
Calculate your total expenses
Know your income
Identify your financial goals
Review your spending habits
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