Money Budgeting Quiz

What does the word 'budget' mean?

• That something is cheap to buy.

• Making sure you don't spend more than you have.

• Buying everything that I want

• Asking my family to give me money to buy new things

What is the best way to make sure that you have enough money to buy what you want to buy?

• Barrow money from someone.

• Save up any money that I get.

• Get a credit card.

• Ask someone in my family to buy it for me.

The money that someone earns is called their...

• Savings

• Job

• Outgoings

• Income

If someone spends more than they earn, they will end up in...

• Profit

• Interest

• Debt

• Budget

An example of a 'necessity' that adults budget for is...

• Books

• Cinema trip

• Food Shopping

• DVDs

Everything that someone spends is called their...

• Income

• Outgoings

• Profit

• Balance