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WorksheetsBudget & Banking
Total questions: 20
Worksheet time: 26mins
Name
Class
Date
1.
My family is going on vacation this summer, so we are sticking to a ______ to save money.
a)
Income
b)
Savings
c)
Budget
d)
Expenses
2.
If we decide to go to Top Golf over Spring Break, it would be considered a __________.
a)
Variable Expense
b)
Fixed Expense
c)
Discretionary Expense
d)
Income
3.
Because the amount of money I spend on gas depends on the price of gas and how much I use, it is considered a...
a)
Fixed Expense
b)
Variable Expense
c)
Discretionary Expense
d)
Income
4.
Daycare can be very expensive! My friend pays $972 every month for her 3 year old daughter.
This is considered a
This is considered a
a)
Fixed Expense
b)
Variable Expense
c)
Discretionary Expense
d)
Income
5.
If an expense can be cut from your budget to save money, it is considered a ______.
a)
Income
b)
Want
c)
Need
d)
Savings
6.
If an expense can not be cut from your budget to save money, it is considered a _____.
a)
Income
b)
Want
c)
Need
d)
Savings
7.
To have a __________ at the end of the month, I have to make sure I don't spend more than I earn and have some money to save at the end of the month.
a)
Income
b)
Expense
c)
Balanced Budget
d)
Savings
8.
An 8th grader makes and sells earrings as a way to earn extra money. The money she gets is considered _______.
a)
Needs
b)
Wants
c)
Income
d)
Expenses
9.
At the end of the month, the money I haven't spent is ________.
a)
Spent quickly
b)
Income
c)
Savings
d)
Expenses
10.
Income = ______ + Savings
a)
Needs
b)
Wants
c)
Expenses
d)
Discretionary
11.
When you are making payments on a car and/or house you have a _____.
a)
Withdraw
b)
Bankruptcy
c)
Debt
d)
Overdraw
12.
Many famous people don't spend their money wisely and end up in ______.
a)
Interest
b)
Withdraw
c)
Inflation
d)
Bankruptcy
13.
It is safer to keep your money here than at home under your mattress.
a)
Balance
b)
Want
c)
Inflation
d)
Bank
14.
When getting a loan for a car, the ____ is an additional fee you will have to pay back.
a)
Fixed Expense
b)
Discretionary Expense
c)
Inflation
d)
Interest
15.
When I use my debit card at the store, the money is automatically taken out of my ______ account.
a)
Savings
b)
Checking
c)
Inflation
d)
Withdraw
16.
When there is a fundraiser at school, it is much easier to pay with a _____ instead of handing a student cash or my credit card information.
a)
Overdraw
b)
Withdraw
c)
Check
d)
Savings
17.
You should keep track of your spending because if you spend more money than you have in your bank account it is considered a _______ and usually will cause a fee.
a)
Balance
b)
Withdraw
c)
Bankruptcy
d)
Overdraw
18.
Most banks offer an app so you can log in to check how much money has been deposited, spent, and so you know your account _______.
a)
Withdraw
b)
Inflation
c)
Budget
d)
Balance
19.
We are planning to go on vacation next summer, so I transfer money every month to my ______ account.
a)
Discretionary Expense
b)
Checking
c)
Savings
d)
Variable Expense
20.
When I need to ______ money from my checking account, I can use my debit card at an ATM.
a)
Overdraw
b)
Inflation
c)
Balance
d)
Withdraw
Reset
