Budgeting and Money Management Worksheet

Which of the following is NOT a source of income?

• Allowance

• Salary

• Interest

• Savings

Which of the following is NOT an expense?

• Wages

• Gifts

• Things we need

• Things we want

What helps you buy future wants or needs?

• Impulse buying

• Expenses

• Overspending

• Savings

A budget helps you to:

• Buy everything you want

• Balance your income with your expenses

• Overspend

• Earn more money

Which of these is NOT a reason to budget?

• To put you in control of your money

• To determine how much money you have to spend

• To increase your income

• To decrease impulse spending

Which of the following is a spending category?

• Transportation

• Salary

• Wages

• Allowance

Which of the following would fall under Personal Care?

• Bus fare

• Shampoo

• Movie tickets

• School supplies

Which item is MOST likely a want rather than a need?

• Basic shoes

• A hot fudge sundae

• A winter coat

• Water

What does “overspending” mean?

• Saving more money than planned

• Using more money than you have

• Earning less money than expected

• Keeping a record of expenses

Tags

CCSS.RI.11-12.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.8.4

CCSS.RL.9-10.4

Which of the following is a benefit of budgeting?

• It guarantees you will never overspend

• It creates a visual picture of how you spend

• It eliminates the need for savings

• It replaces the need to track expenses