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2.05 Spending Plans

Total questions: 12

Worksheet time: 6mins

Name
Class
Date
1.

A spending plan is also known as a?

a)

Tax form

b)

Paper trail

c)

Well-being domain

d)

Budget

2.

A statement of financial position that shows both _________ and actual income and expenses

a)

unplanned

b)

planned

3.

Which financial document does a spending plan look like

a)

Statement of financial position

b)

Income and expense statement

4.

Which step of the spending plan requires you to set a time period

a)

Track current income and expenses

b)

Personalize the plan

c)

Allocate money to each category

d)

Implement and control

e)

Evaluate and make adjustments

5.

Which step of the spending plan requires you to stick to the budgets you made

a)

Track current income and expenses

b)

Personalize the plan

c)

Allocate money to each category

d)

Implement and control

e)

Evaluate and make adjustments

6.

Which step of the spending plan considers how much to spend on each category of expenses

a)

Track current income and expenses

b)

Personalize the plan

c)

Allocate money to each category

d)

Implement and control

e)

Evaluate and make adjustments

7.

Which step of the spending plan makes you identify your income and expenses

a)

Track current income and expenses

b)

Personalize the plan

c)

Allocate money to each category

d)

Implement and control

e)

Evaluate and make adjustments

8.

Which step of the spending plan is where you ask "how well did my plan work"

a)

Track current income and expenses

b)

Personalize the plan

c)

Allocate money to each category

d)

Implement and control

e)

Evaluate and make adjustments

9.

A spending plan is an income and expense statement that records both planned and ________ income and expenses

a)

Fake

b)

Planned

c)

Actual

d)

Outrageous

10.

Which step of the spending plan requires you to identify how to record your plan

a)

Track current income and expenses

b)

Personalize the plan

c)

Allocate money to each category

d)

Implement and control

e)

Evaluate and make adjustments

11.

Which is NOT a way to develop a spending planIn

a)

Paper/Pencil

b)

Spreadsheet

c)

Apps

d)

In your head

12.

A spending plan ensures you are being ________ about your spending

a)

Bad

b)

Optimistic

c)

Realistic

d)

Outrageous