Budgeting

When making a budget, a person’s needs should come before their wants.

• True

• False

It is smart NOT to save monthly for a yearly vacation.

• False

• True

Tags

CCSS.6.RP.A.3B

A financial plan is called a

• budget

• tax

• allowance

• income

If an expense can be cut from your budget to save money, it is considered a ______.

• want

• need

• income

• savings

A 9th grader makes and sells earrings as a way to earn extra money. The money she gets is considered _______.

• income

• needs

• outflow

• wants

Of all the choices, which one should you budget for first?

• Groceries

• Entertainment

• Cell Phone Bill

• New Car

What is a need?

• Something you must have

• Something you'd like to have

• Something you would like to do

• All of the above

Which of the following could you do without to save money

• Food

• Bus ticket

• Donations

• Video games

Which of these is a need and not a want

• Batting cages

• Movies

• Snacks

• Food

David has wan income of $15.50 and spends $10 a week at the tuck shop and $3.50 a week on art supplies. Is he within budget?

• Yes

• No

Tags

CCSS.6.NS.B.3