Understanding budgeting Quiz Welcome to your Understanding budgeting Quiz Please click "Next" Analyze the budget Ginger spends $300 a month on food, $50 a month on a phone plan and $100 a month on clothes. She also pays $600 a month to rent a room. She studies and school and works part time. If she makes $200 a week and her parents give her $100 a week. Does she need to work more to cover her expenses? Yes No None Analyze the budget Ginger spends $300 a month on food, $50 a month on a phone plan and $100 a month on clothes. She also pays $600 a month to rent a room. She studies and school and works part time. She makes $200 a week and her parents give her $100 a week. She wants to buy a new car and her monthly payments would be $300. Can she afford it? Yes No None Analyze the budget Ramez's monthly budget is $1000. For three months in a row now he goes over his budget and keeps owing more money on a credit card. What should he do? spend more borrow more from credit card see where he can save and maybe get more working hours None Analyze the budget Why is it important to budget? to ensure your spending matches your earnings just for fun who said it is important? None Analyze the budget Ginger spends $300 a month on food, $50 a month on a phone plan and $100 a month on clothes. She also pays $600 a month to rent a room. She studies and school and works part time. She makes $200 a week and her parents give her $100 a week. How much more a month does she need to make in order to be able to afford a new purse that costs $99? Time's up
