Money Management Quiz

What are the advantages of budgeting?

• Keeps your money organized

• Instant Gratification

• Helps you decide whats most important

• No advantages

What are the disadvantages of spending?

• takes self discipline

• can run out of money, even when you have needs you need to buy

• you don't get to spend your money right away

• no disadvantages

What is the definition of saving?

• using money for a particular purpose

• creating a financial plan to balance spending and saving

• the intentional act of setting money aside for a specific goal or purpose

Which of the following is NOT a good reason to save money?

• for a future purpose

• to spend it all immediately

• for emergencies

• for education

What is the definition of budgeting?

• using money for a particular purpose

• the intentional act of setting money aside

• creating a financial plan to balance spending and saving

What is the definition of spending?

• using money for a particular purpose

• the intentional act of setting money aside

• creating a financial plan to balance spending and saving

50% of your earned money goes to what?

30% of your earned money goes to what?

20% of your earned money goes to what?

What are the disadvantages of saving?

• you don't get to spend it right away

• no disadvantages

• it takes self-discipline