Budget Basics Quiz

Froggy Jumps

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Master budgeting basics fast.

Created by

Valerie Bentley

United States

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Froggy Jumps Budget Basics QuizOnline version Master budgeting basics fast. by Valerie Bentley 1 What is a budget? a A list of all your possessions b A loan agreement with a bank c A plan for how you will spend and save money 2 Which is a 'need' ender the budget example? a Cafe drinks every day b Rent or mortgage c Video games 3 What is the difference between needs and wants? a Wants are non-monetary; needs are monetary b Wants are cheaper; needs are expensive c Needs are essentials; wants are extras you can live without 4 Which is a fixed expense? a Groceries with weekly changes b Monthly school lunch plan with a set fee c Gas for a road trip 5 What does an emergency fund do? a Invests all money in stocks b Covers unexpected costs without debt c Pays monthly bills automatically 6 What is the 50/30/20 rule about? a 50% savings, 30% needs, 20% wants b 50% needs, 30% wants, 20% savings/debt c 20% needs, 30% savings, 50% wants 7 Which is a variable expense? a Groceries fluctuating month to month b Phone plan with fixed monthly fee c Rent due on the first 8 What is zero-based budgeting? a Spending without tracking b Giving every dollar a purpose until income minus expenses is zero c Saving all money in one account 9 Why track expenses in a budget? a To see where money goes and adjust b To increase debt c To ignore needs and wants 10 If you spend $60 on snacks weekly, what is a smarter action? a Reallocate funds to essentials or savings b Ignore the budget entirely c Buy more snacks to feel better

Froggy Jumps

Budget Basics QuizOnline version

Master budgeting basics fast.

by Valerie Bentley

What is a budget?

A list of all your possessions

A loan agreement with a bank

A plan for how you will spend and save money

Which is a 'need' ender the budget example?

Cafe drinks every day

Rent or mortgage

Video games

What is the difference between needs and wants?

Wants are non-monetary; needs are monetary

Wants are cheaper; needs are expensive

Needs are essentials; wants are extras you can live without

Which is a fixed expense?

Groceries with weekly changes

Monthly school lunch plan with a set fee

Gas for a road trip

What does an emergency fund do?

Invests all money in stocks

Covers unexpected costs without debt

Pays monthly bills automatically

What is the 50/30/20 rule about?

50% savings, 30% needs, 20% wants

50% needs, 30% wants, 20% savings/debt

20% needs, 30% savings, 50% wants

Which is a variable expense?

Groceries fluctuating month to month

Phone plan with fixed monthly fee

Rent due on the first

What is zero-based budgeting?

Spending without tracking

Giving every dollar a purpose until income minus expenses is zero

Saving all money in one account

Why track expenses in a budget?

To see where money goes and adjust

To increase debt

To ignore needs and wants

If you spend $60 on snacks weekly, what is a smarter action?

Reallocate funds to essentials or savings

Ignore the budget entirely

Buy more snacks to feel better

You can integrate the game into an LMS compatible with LTI 1.1 or LTI 1.3 such as Canvas, Moodle, or Blackboard. This way, the scores will be automatically saved into the platform’s gradebook.

Budget Basics Quiz

Froggy Jumps

About this activity

Created by

Download the paper version to play

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Budget Basics QuizOnline version

by Valerie Bentley

What is a budget?

Which is a 'need' ender the budget example?

What is the difference between needs and wants?

Which is a fixed expense?

What does an emergency fund do?

What is the 50/30/20 rule about?

Which is a variable expense?

What is zero-based budgeting?

Why track expenses in a budget?

If you spend $60 on snacks weekly, what is a smarter action?

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