What is the Budget Rule?

Budget

Quiz
•
Life Skills
•
7th Grade
•
Easy
Cassandra Godbolt
Used 1+ times
FREE Resource
50 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
50/30/20
50/30/10
40/30/20
50/20/20
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
50% of the Budget Rule represents
Wants
Needs
Savings
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
30% of the Budget Rule represents
Wants
Needs
Savings
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
20% of the Budget Rule represents
Savings
Needs
Wants
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
When calculating a Budget, you should use your
Gross Pay
Net Pay
Savings
Allowance
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A budget is a detailed estimate of income and expenses for a specific period of time. It helps control your money
True
False
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Preparing a budget will help you with
Understanding your income
Look at what you own and owe
Evaluate how much you are spending
All of the above
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