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Budgeting Quiz Flashcards | StudBud
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Budgeting Quiz
Budgeting Quiz
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Budgeting Quiz
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Groceries are a:
Intermittent expense
Discretionary expense
Fixed expense
Variable expense
2
Doing a budget does not:
Remove guilt and shame sometimes associated with a purchase
Make overspending more likely
Make your money go further
Show if you are overspending in an area
3
A written budget, if followed, removes _________ from your finances
Management by crisis
Overspending
All of the above
Guilt
4
Percentage of Americans living paycheck to paycheck:
25%
70%
50%
40%
5
Rent is a:
Discretionary Expense
Variable Expense
Intermittent Expense
Fixed Expense
6
If you write a zero-based budget every month, it is not necessary to reconcile your account
I love Dave Ramsey
False
True
7
To match your bank statement with your checkbook
Reconcile
Cash flow plan
This is overrated
8
Occurs when money is withdrawn from a bank account and the available balance goes below zero
Reconcile
Overdraft
Nuts and Bolts
9
"Pay yourself first" means you should assign a portion of your income to saving and investing
False
True
Who cares I'm in high school
10
Your own record of all your transactions
Go Dukes!
Check Register
Account Statement
11
Budgeting is crucial to your financial success
False
True
Mr. Howells is the best
12
Eating out is a:
Intermittent expense
Variable expense
Fixed expense
Discretionary expense
13
Car repairs are a:
Discretionary expense
Intermittent expense
Variable expense
Fixed expense
14
A written cash flow plan
budget
personal finance
financial literacy
15
The number-one cause of divorce in North America today is stress and disagreements over money
False
IDK
True
