Smart Spending: Budgeting & Solving Money Problems

1. Sarah has a monthly budget of $500 for groceries. If she spends $120 on groceries in the first week, how much can she spend in the remaining three weeks to stay within her budget?

• $150.00

• $200.00

• $126.67

• $100.00

2. John wants to buy a new laptop that costs $800. He has saved $300 so far. How much more money does he need to save to buy the laptop?

• $500

• $600

• $400

• $700

3. A group of friends is planning a trip and estimates the total cost to be $1,200. If they plan to split the cost equally among 6 friends, how much will each person need to contribute?

• 250

• 150

• 200

• 300

4. Emily is saving for a concert ticket that costs $150. If she saves $25 each week, how many weeks will it take her to save enough for the ticket?

• 10 weeks

• 8 weeks

• 4 weeks

• 6 weeks

5. A store is having a sale where all items are 20% off. If a pair of shoes originally costs $60, what will be the sale price after the discount?

• $54

• $36

• $48

• $60

6. Mark has $250 in his savings account. He wants to buy a new phone that costs $600. How much more money does he need to save to afford the phone?

• $350

• $500

• $400

• $250

7. A family spends $2,000 on vacation. If they want to save this amount over 10 months, how much should they save each month?

• $250

• $300

• $150

• $200

8. Lisa bought 3 books for $15 each and 2 notebooks for $5 each. How much did she spend in total?

• $45

• $60

• $50

• $55

9. A restaurant bill comes to $80. If a group of 4 friends wants to split the bill evenly, how much will each person pay?

• 20

• 15

• 30

• 25

10. Tom has a part-time job and earns $12 per hour. If he works 15 hours a week, how much money does he earn in a month (4 weeks)?

• $480

• $600

• $720

• $840