Househould Budgets (Junior Cert Home Economics): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What does budgeting help you pay for first?
What does budgeting help you pay for first?
Essential expenses (needs)
Which time periods can budgets be planned for?
Which time periods can budgets be planned for?
Weekly, monthly, or yearly
What is NOT mentioned as a factor affecting a household budget?
What is NOT mentioned as a factor affecting a household budget?
The family's hobbies
How does budgeting reduce stress?
How does budgeting reduce stress?
Essentials like rent and bills are paid
What does budgeting help prepare for?
What does budgeting help prepare for?
Large bills & seasonal costs
What percentage of a budget should be allocated to housing?
What percentage of a budget should be allocated to housing?
25%
Which two categories get the largest budget allocation?
Which two categories get the largest budget allocation?
Housing and Groceries
How many categories receive 5% of the budget?
How many categories receive 5% of the budget?
Four categories
What is the first step in the Five-Step Money Management System?
What is the first step in the Five-Step Money Management System?
Set a goal
When planning a budget, what should be prioritised first?
When planning a budget, what should be prioritised first?
Essential expenses
What type of service is MABS?
What type of service is MABS?
Free government-funded service
What does MABS help families and individuals manage?
What does MABS help families and individuals manage?
Their money and debts