12/8/23 -PERSONAL BUDGET AND VOLUNTARY TRADE

A budget is a plan for spending and saving money.

• True

• False

The goal of a budget is to SAVE more than you SPEND.

• True

• False

Tags

CCSS.6.EE.A.1

The goal of a budget is to SPEND more than you SAVE.

• True

• False

Tags

CCSS.6.NS.B.3

Which of the following would be an expense (bill)?

• Light/Electricity

• Phone Bill

• A New Bike

• Tickets to Wild Adventures

Mrs. McArthur earned $100 dollars this week. She had to pay her phone bill of $50. How much money does she have remaining?

• $25

• $10

• $50

Tags

CCSS.2.OA.A.1

Mrs. Montgomery wants to treat herself to dinner at a fancy restaurant. The meal she wants will be $50. She has $20 right now. How much more money does she need to SAVE?

• $30

• $10

• $40

• $5

Tags

CCSS.4.MD.A.2

In the 50/30/20 rule, the 50 represents 50% of your income that should be put towards your ___________

• Wants

• Needs

• Savings

Tags

CCSS.6.RP.A.3C

In the 50/30/20 rule, the 30 represents 30% of your income that should be put towards your ___________

• Wants

• Needs

• Savings

Tags

CCSS.6.RP.A.3C

50% =

• 0.50

• 5.0

• 0.05

If you have an income of $2,500.00 per month, about how much of that income should you spend on your needs?

• $500.00

• $750.00

• $1,250.00

Tags

CCSS.7.RP.A.3