
Beginning a Budget
Quiz by Angie Hampel
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8 questions
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- Q1What is money?Paper that is uselessA special kind of paperPieces of paper that people tradeA current medium of exchange in the form of coins and banknotes30s
- Q2What is the definition of a budget?An estimate of expected income and expenses for a future period of timeHow much money you oweHow much money you have to spendAmount of money that you have to stay over or under30s
- Q3Budgets are important because..?They teach us how to manage our money and live within our meansThey aren't important to meI thought budgeting was only for adultsWhat is a budget30s
- Q4Why do I have to create a budget?Because I have nothing else to doBecause my teacher said soI don't knowTo learn how to spend money wisely.30s
- Q5What are my goals?Play video games all dayTo create my first budgetEat Chick-Fil-A for lunchBuy some cool new clothes30s
- Q6What is the best way to begin the budgeting process?Count the money in my piggy bankI don't knowMonitor my current spendingAsk mom how much money I have in my savings account30s
- Q7In the budgeting process, after I monitor my current spending what should I do next?Make a list of the money you receive (Income) , then deduct what you are spending your money on (Expenses)Go play more video gamesCatch the next best DIY on youtubeTake a nap30s
- Q8How much money do I need to save to live for a month?More than $100???$100I'm not sure, let's find out!$5030s