2. Which of the following best describes the purpose of a personal budget?
3. What is a key factor to consider before preparing a personal budget?
4. When setting up a personal budget, one should:
5. What is the first step in preparing a personal budget?
6. After income is identified, the next step in budgeting is:
7. Which of the following is an ethical budgeting practice?
8. An unethical practice in budgeting would be:
9. One of the key elements of setting realistic goals is to:
10. A good starting point in setting financial goals is to:
11. Karembo a grade seven learner had a document she had prepared on how to use her pocket money which she was given by her mother, what is the name of the document?
12. Grade 9 learners were preparing for their Financial Literacy club end of the term trip, they carried all the money which was collected from the previous year for their trip shopping, what was likely to happen when doing their shopping?
13. During the financial literacy club meeting, Mr. Mwasomi a club patron educated the members on the importance of preparing a budget before using one’s money.He gave the following reasons. Which one is not?
14. The learners at Kisima Junior school were giving the following items which are included on their parent or guardian personal budget. The four learners gave the following items; Which learner gave the wrong item?
15. In a Financial Literacy club debate, learners were discouraged by their club patron against carrying money they had not budgeted for while going for shopping. Give the main reason why the learners were discouraged on this.