
Balancing a Budget: Strategies for Financial Literacy
Interactive Video
•
Mathematics
•
1st - 5th Grade
•
Hard
+4
Standards-aligned

Liam Anderson
FREE Resource
Standards-aligned
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What grade level is the budget concept aimed at in this lesson?
Fourth Grade
Seventh Grade
Fifth Grade
Sixth Grade
Tags
CCSS.7.RP.A.3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are the two main components needed to balance a budget?
Income and Debt
Debt and Credit
Expenses and Savings
Income and Expenses
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total income Spencer has for April?
$90
$60
$80
$70
Tags
CCSS.4.MD.B.4
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What causes a budget to be imbalanced towards the expense side?
Lower income than expenses
No expenses
Equal income and expenses
Higher income than expenses
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the total of Spencer's expenses before any adjustments?
$70
$80
$85
$75
Tags
CCSS.1.OA.A.1
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a good practice when creating a budget?
Mixing income and expenses in one category
Listing all expenses only
Separating income and expenses
Ignoring small expenses
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it problematic to have expenses greater than income?
It increases financial stability
It is easier to track
It may require using credit cards to cover the deficit
It leads to savings
Tags
CCSS.6.NS.C.5
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