Budgeting and Saving (Grade 10 NSC Matric Mathematical Literacy): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
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Practise the questions
10 questions from this quiz
What is budgeting?
What is budgeting?
Planning spending based on expected income
Which two types of budgets can be created?
Which two types of budgets can be created?
Monthly budgeting and event budgeting
What should a good budget focus on first?
What should a good budget focus on first?
High priority items like food & healthcare
Jennifer's party: income R 1400, expenses R 600. What is her surplus?
Jennifer's party: income R 1400, expenses R 600. What is her surplus?
R 800
What formula calculates if you have money left over?
What formula calculates if you have money left over?
What is the difference between a budget and a statement?
What is the difference between a budget and a statement?
Budget is planned; statement is actual spent
Which is a key reason for saving money?
Which is a key reason for saving money?
Unexpected costs like medical bills
What should you do if expenses exceed income in your budget?
What should you do if expenses exceed income in your budget?
Revise the budget
Why repay debts before starting to save?
Why repay debts before starting to save?
You pay interest on debts
How should savings be treated in a budget?
How should savings be treated in a budget?
Like a fixed expense