Budgeting and Saving

Quiz
•
Other
•
6th - 8th Grade
•
Easy
Ragini Ravichandran
Used 1+ times
FREE Resource
11 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is budgeting?
Sharing your money with friends
Planning how to spend your money
Earning lots of money
Saving all your money
2.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
The act of setting aside money for future use instead of spending it immediately is called __________.
3.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
In budgeting, expenses can be divided into two categories: needs and __________.
4.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Ideally, when following the 20/50/30 rule, you should save at least _______% of your income. (Enter the answer in numbers)
5.
FILL IN THE BLANK QUESTION
30 sec • 1 pt
Budgeting encourages ________.
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
According to the 50/30/20 rule, we should save 50% of our income.
True
False
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Budgeting helps us make informed decision.
True
False
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