WorksheetsMoney Management 6
Total questions: 13
Worksheet time: 7mins
It is a good idea to build a budget based on your income.
True
False
It's important to save for the following reasons:
To meet long term and short term goals
To build wealth
To protect against unexpected crisis (emergency, loss of job)
All of the above
Reasons for making a budget include
To have a spending plan
To have a savings plan
To keep track of debits and credits
All of the above
Getting $25 from mowing your neighbor's lawn is an example of:
Earned Income
Unearned Income
You win $50 in a raffle. This is
Earned Income
Unearned Income
What does Pay Yourself First Mean
Buy self something nice when you get paid
Be responsible with your money by paying your bills first.
Budget some money into savings every month.
All of the above
The essentials you can't live without are called:
Needs
Wants
Income
Expenses
