Froggy Jumps: Budgeting Basics

Froggy Jumps

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Budgeting basics for Financial Algebra.

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Antoinette Norris Woodson

United States

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Froggy Jumps Froggy Jumps: Budgeting BasicsOnline version Budgeting basics for Financial Algebra. by Antoinette Norris Woodson 1 Which of these is a Fixed Expense? a Rent b Gasoline c Eating out 2 Which of these is a Variable Expense? a Rent b Groceries c Car payment 3 Discretionary Spending means: a Non-essential spending like entertainment or vacations b Paying monthly rent c Buying food each week 4 Savings is best described as: a Money spent on daily needs b Money set aside for future goals or emergencies c Money borrowed from a bank 5 What is Credit Card Interest? a Your credit limit b Extra money paid when borrowing on a credit card c The total you charge on your card 6 Tracking Expenses helps you: a Write down or record every purchase b Forget about spending c Only focus on income 7 A Budget is: a A list of only fixed expenses b A plan that shows income, expenses, and savings goals c A loan from the bank 8 What is an emergency fund? a Money set aside for unexpected expenses b Money spent on vacations c Money borrowed for emergencies 9 Paying your balance in full each month results in: a A higher credit limit automatically b No interest charged c Monthly interest charged 10 What is the main purpose of tracking expenses? a To increase spending b To ignore receipts c To know where money goes and adjust budget

Froggy Jumps

Froggy Jumps: Budgeting BasicsOnline version

Budgeting basics for Financial Algebra.

by Antoinette Norris Woodson

Which of these is a Fixed Expense?

Rent

Gasoline

Eating out

Which of these is a Variable Expense?

Rent

Groceries

Car payment

Discretionary Spending means:

Non-essential spending like entertainment or vacations

Paying monthly rent

Buying food each week

Savings is best described as:

Money spent on daily needs

Money set aside for future goals or emergencies

Money borrowed from a bank

What is Credit Card Interest?

Your credit limit

Extra money paid when borrowing on a credit card

The total you charge on your card

Tracking Expenses helps you:

Write down or record every purchase

Forget about spending

Only focus on income

A Budget is:

A list of only fixed expenses

A plan that shows income, expenses, and savings goals

A loan from the bank

What is an emergency fund?

Money set aside for unexpected expenses

Money spent on vacations

Money borrowed for emergencies

Paying your balance in full each month results in:

A higher credit limit automatically

No interest charged

Monthly interest charged

What is the main purpose of tracking expenses?

To increase spending

To ignore receipts

To know where money goes and adjust budget

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Froggy Jumps: Budgeting Basics

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Froggy Jumps

Froggy Jumps: Budgeting BasicsOnline version

by Antoinette Norris Woodson

Which of these is a Fixed Expense?

Which of these is a Variable Expense?

Discretionary Spending means:

Savings is best described as:

What is Credit Card Interest?

Tracking Expenses helps you:

A Budget is:

What is an emergency fund?

Paying your balance in full each month results in:

What is the main purpose of tracking expenses?

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