Budgeting and Saving

Budgeting and Saving

6th - 8th Grade

11 Qs

quiz-placeholder

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Budgeting and Saving

Budgeting and Saving

Assessment

Quiz

Other

6th - 8th Grade

Easy

Created by

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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