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Money Management/Budgeting Video and Quiz Flashcards | StudBud

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Money Management/Budgeting Video and Quiz

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Play the Quiz! game to test your skills about Money Management/Budgeting! This quiz game reviews the concepts discussed in the Money Management/Budgeting video. To access the entire resource, go to https://www.econedlink.org/resources/budgeting-video-and-quiz/

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Questions 5

Answers

1
When you create a budget, what area can you easily reduce to save money for a goal?
All of the above
Variable measure
Retirement saving
Fixed expenses
2
People not having enough resources to get everything they want is referred to as
Scarcity
A shortage
a deficiency
poor money management
3
Saving for two months to buy a new coat is an example of
a long-term goal
a short-term goal
a medium-term goal
An immediate goal
4
What are the ways to achieve your budgeting goals? Select all that apply.
Take on a part-time job.
Work more hours on your current job.
Spend less on games.
Spend less on clothing.
5
Why is effective money management important?
It means you have a job that pays you a high income.
It means you have a high level of education.
It allows you to reach financial goals in the future.
It allows you never to worry about paying bills on time.