Event Basics
What is the name of the JAG competitive event that demonstrates budgeting and smart money choices?
What Is Financial Budgeting
How much time is given to complete the Financial Budgeting event?
What Is Six to eight minutes
What practice helps a competitor make sure that a budget reflects real-life financial situations?
What Is Use a Reality Check
What quality means the income, expenses, and calculations in the budget are correct?
What Is Accuracy
What type of spending can cause points to be deducted?
What is Excessive spending
What type of event is Financial Budgeting?
What Is Individual Event
What completed document is part of the scoring for the event?
What Is Completed Financial Budget Template
What budgeting strategy helps a competitor decide which expenses are essential and which are optional?
What Is Focus on needs versus wants
What quality means the competitor has included all important parts of the financial budget?
What Is Completeness
What type of situation may cause points to be deducted because it does not reflect believable financial circumstances?
What Is Unrealistic scenarios
Who is eligible to compete in the Financial Budgeting event?
What is Middle School, High School, and Out of School/College participants
What scoring requirement shows that the competitor has included detailed income and expense categories?
What Is Comprehensive line items
What saving habit means setting aside money before spending on less important items?
What Is Pay Yourself First
What quality means the expenses reflect believable costs for the situation?
What Is Realism of expenses
What mistake occurs when a budget gives too much attention to wants and not enough attention to essential expenses?
What Is Ignoring needs
What type of test is not included in the Financial Budgeting event?
What is No written test
What part of the budget can help explain decisions, assumptions, or unusual expenses?
What Is Notes
What approach can make budgeting more engaging and help track financial choices?
What Is Incorporate gamification and technology
What understanding helps competitors prioritize essential expenses over optional purchases?
What Is Understanding needs and wants
What mistake occurs when a competitor does not include money set aside for future needs or goals?
What Is Failing to save
What is the dress code for the Financial Budgeting event?
What Is JAGCA uniform or proper business attire
What qualities are used to evaluate the completed budget?
What Is Accuracy, completeness, and realistic expenses
What practice connects financial planning to future education, employment, and career plans?
What Is Tie budgeting to career goals
What financial priorities should a competitor demonstrate in addition to managing everyday expenses?
What Is Saving and bill-payment priorities
What mistake can make a budget incomplete and reduce the competitor’s score?
What Is Leaving out bills or important line items