Balance Budget

In July, Delilah would like to get a new cell phone plan that costs $30 per month. She can increase her paper route to $25 per month. She would like to continue buying comics and renting video games. Which of the following will allow her to keep a balanced budget?

• 
  Keep her expenses the same, and increase her income by $10 per month. 

• Spend no more than $15 on comics and increase her income by $5 per month.

• 1. Spend no more than $10 on comics and $10 on games. 

• 1. Spend no more than $15 on comics and $7 on games.

Jackie wants to buy some music online but also have a balanced budget. Based on Jackie’s current budget, what is the greatest amount of money she can spend on music?

• 20

• 45

• 150

• 10

Sasha’s expenses are greater than her income. Which of the following could Sasha increase in order to balance her budget?

• Loan Payment

• Music Downloads

• Charity Dontations

• Hourly Pay

Mr. Peters wants to spend an extra $150 this weekend on a family outing to the state fair. Which of the following could be a way to adjust his budget to allow for the extra expense?

• 1. Work fewer hours this week.

• Work Overtime

• Give money to charity

• Increase gas usage

Rico makes a monthly budget. His monthly allowance is $40. He makes $25 each month from mowing the neighbor's lawn. Rico’s monthly expenses are $75. How much does he need to earn from babysitting to balance his budget?

• 75

• 10

• 50

• 35

When expenses are equal to income; also known as a zero budget; extra money not spent on itemized expenses can be allotted to savings in order to balance a budget

• Budget

• Balanced Budget

• Expenses

• Income

What is a budget?

• Money that I can spend on what I want

• Something that is hard to understand

• An organized plan for spending and saving money