Practice Money Management - 8 | 3. Resource Management | ICSE Class 12 Home Science
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

Define budgeting in one sentence.

💡 Hint: Think about how you manage your finances.

Question 2

Easy

List an example of a need and a want.

💡 Hint: Consider what is essential vs. what is desired.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What is budgeting?

  • A plan for savings
  • A plan for spending
  • A plan for investing

💡 Hint: Consider the overall purpose of a budget.

Question 2

True or False: Needs and wants are the same.

  • True
  • False

💡 Hint: Think about basic survival requirements.

Solve 1 more question and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

You have a monthly income of $3,000. Your fixed expenses are $1,500 for rent, $300 for utilities, and $400 for food. How much can you allocate for savings and discretionary spending after fixed expenses?

💡 Hint: First calculate total fixed expenses before subtracting from income.

Question 2

If your budget shows you are frequently overspending on restaurants, what steps can you take to adjust your budget?

💡 Hint: Think about alternative spending or how to reduce expenses.

Challenge and get performance evaluation