Budgeting Basics Quiz
Authored by Ian Morgan
Life Skills
University
DOK Level 1: Recall covered
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of creating a personal budget plan?
To track your daily activities
To manage your income and expenses
To plan your social events
To monitor your academic progress
Tags
DOK Level 1: Recall
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a factor that affects your credit score?
The number of social media accounts you have
Your payment history
The number of books you read
Your favorite color
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DOK Level 1: Recall
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Identify the need from the following options:
A new smartphone
Monthly rent
Designer clothes
Concert tickets
Tags
DOK Level 1: Recall
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a financial goal?
Buying groceries
Saving $500 for an emergency fund
Watching a movie
Going for a walk
Tags
DOK Level 1: Recall
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to distinguish between needs and wants when creating a budget?
To ensure you have enough money for essential expenses
To impress your friends
To increase your social media followers
To spend more on entertainment
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DOK Level 2: Skill/Concept
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can setting financial goals benefit a college freshman?
It helps in planning for future expenses and savings
It guarantees a high-paying job after graduation
It ensures you will never have debt
It allows you to avoid studying
Tags
DOK Level 2: Skill/Concept
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one simple procedure to start creating a personal budget plan?
List all sources of income and expenses
Buy a new laptop
Join a gym
Follow a celebrity on social media
Tags
DOK Level 1: Recall
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