Budgeting Basics Quiz

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Test your knowledge on budgeting and financial terms with this fun quiz! Play multiple times to practice all of your Budget Vocabulary.

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Kristine Vester

United States

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Budgeting Basics Quiz


Froggy Jumps Budgeting Basics QuizOnline version Test your knowledge on budgeting and financial terms with this fun quiz! Play multiple times to practice all of your Budget Vocabulary. by Kristine Vester 1 What is a plan of how to spend your income each month? a Surplus b Budget c Income 2 What is the term for money you have left after paying bills? a Deficit b Discretionary income c Disposable income 3 What do you call money that you can just 'throw away'? a Needs b Balanced budget c Disposable income 4 What is it called when you spend more money than you make? a Balanced budget b Surplus c Deficit 5 What do you call the income you make yourself? a Income b Disposable income c Personal income 6 What is a balanced budget? a Having extra money left over b When you make the same amount of money that you spend. c Spending more than you earn 7 What are the essential things you need to pay for first? a Discretionary income b Wants c Needs 8 What is it called when you make more money than you spend? a Deficit b Surplus c Balanced budget 9 What is your plan for spending money also known as? a Disposable income b Spending plan c Income 10 What is the money you get from your job called? a Surplus b Needs c Income 11 What are the things you desire, like vacations and entertainment? a Needs b Wants c Fixed expenses 12 What type of expenses remain constant each month? a Emergency Fund b Variable expenses c Fixed expenses 13 What are expenses that vary each month, like food and gas? a Goals b Fixed expenses c Variable expenses 14 What is the rule of saving money before paying bills? a Emergency Fund b Pay yourself first c Trade offs 15 What is a savings account for emergencies called? a Wants b Emergency Fund c Opportunity costs 16 What do you call the choice between two spending options? a Fixed expenses b Goals c Trade offs 17 What is the cost of the option you do not choose? a Intermediary goal b Wants c Opportunity costs 18 What is something you want to achieve called? a Goals b Emergency Fund c Fixed expenses 19 What is a goal you want to achieve in less than 3 months? a Long-term goal b Intermediary goal c Short-term goal 20 What is a goal you want to achieve in 3 months to a year? a Intermediary goal b Long-term goal c Short-term goal 21 What is a goal you want to achieve in 1 year to 50 years or more? a Immediate goal b Short-term goal c Long-term goal

Budgeting Basics Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Budgeting Basics QuizOnline version

by Kristine Vester

What is a plan of how to spend your income each month?

What is the term for money you have left after paying bills?

What do you call money that you can just 'throw away'?

What is it called when you spend more money than you make?

What do you call the income you make yourself?

What is a balanced budget?

What are the essential things you need to pay for first?

What is it called when you make more money than you spend?

What is your plan for spending money also known as?

What is the money you get from your job called?

What are the things you desire, like vacations and entertainment?

What type of expenses remain constant each month?

What are expenses that vary each month, like food and gas?

What is the rule of saving money before paying bills?

What is a savings account for emergencies called?

What do you call the choice between two spending options?

What is the cost of the option you do not choose?

What is something you want to achieve called?

What is a goal you want to achieve in less than 3 months?

What is a goal you want to achieve in 3 months to a year?

What is a goal you want to achieve in 1 year to 50 years or more?