WorksheetsKnow your Budget
Total questions: 15
Worksheet time: 6mins
Which one is NOT an expense?
rent paid
power bill
salaries
insurance
Which one is NOT a need?
food
family
shelter
broadband
What is a budget?
an income statement
a plan of estimated income and expenses
a cashflow statement
calculated plan
Which one is NOT a benefit of using a digital budget?
calculates automatically
easy to update
monitors regularly
lose your mobile
Which one is NOT an income?
pension
salaries
wages
shares
rent paid
Define a surplus?
too much product
income is greater than payments
too much money
excess expenses over income
What does CAB stand for?
Citizens Advice Bureau
Children At Back
City and Backpackers
Cats and Bats
Which reason isn't the best reason for you to save for?
for the latest mobile phone
for your board
for your education
for emergencies
Which one is a fixed (same amount, same time) payment?
food
power
mortgage
petrol
Which one is NOT a fixed (same amount, same time) income?
on call part time job
weekly wage
salary
fortnightly pocket money
Define disposable income.
spare income
money left over after payments including savings
money that is lost
income from shares
per annum means
per person
per annual
per year
per animal
What's another word for expenses?
rent
wages
income
payments
How do you calculate monthly?
x 6 / 52
x 12 / 52
/ 52
x 12 x 52
What is one thing that you could do, to reduce a deficit?
increase your gym membership
reduce your rent paid
increase your fastfood
reduce your clothing allowance
