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Beginning a Budget

Quiz by Angie Hampel

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8 questions
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  • Q1
    What is money?
    Paper that is useless
    A special kind of paper
    Pieces of paper that people trade
    A current medium of exchange in the form of coins and banknotes
    30s
  • Q2
    What is the definition of a budget?
    An estimate of expected income and expenses for a future period of time
    How much money you owe
    How much money you have to spend
    Amount of money that you have to stay over or under
    30s
  • Q3
    Budgets are important because..?
    They teach us how to manage our money and live within our means
    They aren't important to me
    I thought budgeting was only for adults
    What is a budget
    30s
  • Q4
    Why do I have to create a budget?
    Because I have nothing else to do
    Because my teacher said so
    I don't know
    To learn how to spend money wisely.
    30s
  • Q5
    What are my goals?
    Play video games all day
    To create my first budget
    Eat Chick-Fil-A for lunch
    Buy some cool new clothes
    30s
  • Q6
    What is the best way to begin the budgeting process?
    Count the money in my piggy bank
    I don't know
    Monitor my current spending
    Ask mom how much money I have in my savings account
    30s
  • Q7
    In 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 games
    Catch the next best DIY on youtube
    Take a nap
    30s
  • Q8
    How much money do I need to save to live for a month?
    More than $100???
    $100
    I'm not sure, let's find out!
    $50
    30s

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