Budgeting

Front

Spending plans are decisions about how you spend your commission.

Back

True

Front

A written spending plan is the best way to manage my commission.

Back

True

Front

Should spending plans be discussed with parents?

Back

True

Front

Everyone has the same spending plan.

Back

False

Front

My spending plan must remain the same for an entire year.

Back

False

Front

When can changes be made in my written spending plan? Options: only once a week, only once a month, only every six months, as my needs change.

Back

as my needs change

Front

Saving provides money for:

• emergency expenses
• unplanned expenses next year
• expenses in five years
• all of the above

Back

all of the above

Front

A spending plan can be made by:

• keeping a diary of expenses
• asking a friend to make it for you
• deciding what to purchase when you go to the store
• checking how much money is in your pocket

Back

keeping a diary of expenses

Front

Which is NOT a category on a spending plan?
Options: snacks, entertainment, candy bars, clothing

Back

candy bars

Front

If I overspend my commission, I can expect my parents to give me more money.

Back

False