Budgeting Unit Review | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 20 Public

NGPF

Study Slideshow

Which of these costs would be the MOST difficult to adjust if you were looking to reduce your expenses?

Loan payment on a new car

Dining out at local restaurants

Expenses for new clothes

15

If you are trying to substantially reduce the amount you spend on food, you should try..

Drinking more coffee and soda so you are not as hungry

Cooking your own food at home for as many meals as possible

Dining out as much as possible

15

Leila just graduated from college and is comparing a few different cities to move to. Which of these factors is the LEAST important thing for her to consider right now?

Average Rent

Job Opportunities

Average cost of Uber, Lyft, or taxi fare

15

Greg is trying to decide whether he needs a car when he moves to the city. Which of the following would be a reason for Greg to get a car rather than use public transportation?

The cost of public transportation is less than his car pymt

Using public transportation, Greg’s commute is 2 hrs one way

There are several public transportation routes near him

15

Which of these boxes of cereal has the LOWEST unit price?

Cereal A, which costs $3.20 for a 16 oz. box

Cereal B, which costs $5.00 for a 32 oz. box

Cereal D, which costs $4.50 for an 8 oz box

15

Isaiah has a summer internship at a technology company and is paid $3,000. After Federal and state taxes, Social Security, and Medicare are deducted, his take-home pay is $2,500. Which of the statements below is correct?

His gross pay is $2,500 and net pay is $3,000

His gross pay is $3,000 and net pay is $2,500

15

You are putting together your first post-graduation budget. Your net pay is $2,500 per month and you estimate that your monthly expenses will be $2,625. How would you describe your budget?

You have a deficit of $125

You have a surplus of $125

15

You are interested in renting an apartment after graduating college. You meet with the landlord and complete the application. All of the following may need to be provided when you sign your lease EXCEPT

A bank account

First and last month's rent

A security deposit

15

All of the following are good budgeting strategies if you want to save money at the grocery store EXCEPT:

Focusing on the unit price

Making a list and sticking to it

Focusing only on the brand

15

For two months in a row, Aaron realizes he has a budget deficit of roughly $175. Which of these options makes the most sense for him to fix his problem?

Start paying the minimum monthly payment on his student loan

Cancel a streaming service and eat out less often

15

You're considering moving into a 3 bedroom apartment with 2 roommates, rather than living on your own post-college. Which of your expenses would likely decrease by having roommates?

rent

cell phone bill

groceries and eating out

15

A plan of your expected income and how you will use it to meet your expected expenses over a period of time

checking account

savings account

budget

15

You overhear your cousin talking about the importance of creating and sticking to a budget. All of the following are good reasons to create and stick to a budget EXCEPT:

A budget can help you identify any bad spending habits

Having a budget is a requirement for obtaining a mortgage

Using a budget can allow you to work towards financial goals

15

Which one of these expenses most likely represents a VARIABLE cost in someone's budget?

electric bill

car insurance

rent

15

What action corresponds to the advice "Pay yourself first?"

Wait until the end of the month to determine what to save

Set aside a fraction of your paycheck into a savings account

15

A cost that can be expected at regular intervals and that remains the same amount (e.g., monthly rent payment)

Fixed Expense

Variable Expense

15