MCQ: What is the meaning of a budget? a) A plan for spending and saving money b) A type of currency used in Kenya c) A tool for measuring weight d) A type of math equation

True or False: A budget helps us track our income and expenses. a) True b) False

Fill in the blank: A budget helps us ____ our money wisely. a) spend b) save c) waste d) borrow

Short answer: Which of the following is an example of an income? a) Pocket money b) Buying a toy c) Paying for a movie ticket d) Borrowing money from a friend

Multiple response: Which of the following are examples of expenses? a) Buying groceries b) Paying for electricity c) Saving money in a piggy bank d) Donating to charity

Picture-based: Look at the image below. How much money does the person have left after buying the toy? a) Ksh 50 b) Ksh 100 c) Ksh 150 d) Ksh 200 [Image: Person with Ksh 250 buying a toy for Ksh 100]

True or False: A budget helps us prioritize our spending. a) True b) False

MCQ: Which of the following is NOT a benefit of having a budget? a) Helps us save money b) Helps us make informed financial decisions c) Helps us spend money impulsively d) Helps us achieve our financial goals