Budgeting

Which is MORE important to budget for- needs or wants?

• needs

• wants

Which one of the following is a NEED?

• AirPods

• food

• Netflix

• Hulu

Which of the following is a WANT?

• food

• water

• TV

• shelter

Emma makes $300 each paycheck and is paid twice a month. Can she afford to pay for an apartment that charges $700 rent?

• yes

• no

David pays $500 a month in rent, $200 for groceries, and $300 for his car payment. How much are his expenses?

• $1,010

• $900

• $1,100

• $1,000

You want to be spending ____ than what you are making.

• more

• less

If you earn $900 a month and spend $500 on rent, $200 on groceries, and $75 on utilities, do you have enough money to pay $50 a month for TV?

• yes

• no

Sam earns $1,000 a month and pays $600 in rent, $300 on groceries, $250 for his car, and $30 for streaming subscriptions. Is this a smart budget?

• yes

• no

According to our workbook, how many paychecks should you budget for every month?

• 1

• 2

• 3

• 4

Having a savings account that you contribute to every month is a way to EARN money.

• true

• false