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WorksheetsBudgeting 101
Total questions: 20
Worksheet time: 17mins
Any money you receive such as an allowance or paycheck
Income
Fixed Expense
Opportunity Cost
Emergency Fund
A predictable amount of money spent to buy something or do something that is the exact same amount every time
Variable Expense
Income
Emergency Fund
Fixed Expense
Setting aside money to have on hand for unexpected expenses and events
Income
Emergency Fund
Variable Expense
Cash Flow
Detailed plan of how you are going to use your money to pay for things you want and need.
Budget
Income
Periodic Expenses
Cash Flow
Payment that costs a different amount each time
Fixed Expense
Periodic Expense
Variable Expense
Income
Payments that arise periodically throughout the year less than once a month
Variable Expesne
Fixed Expense
Periodic Expense
Income
What you spend money on
Income
Expense
Emergency Fund
Cash Flow
How many days in a week?
7
10
5
4
How many months in a year?
10
15
12
9
How many days in a month on average?
30
28
25
35
How many days in a year?
365
400
250
300
How many weeks in a year?
52
24
35
40
How many weeks in a month on average?
5
4
2
3
If you make $500 a month and put 25% of your income into savings, how much do you put into savings each month?
$125
$250
$400
$300
If you make $500 a month and spend 20% of your income on groceries, how much money do you spend?
$100
$50
$75
$80
If you make $500 a month and spend $50 on going out to eat each month, what percentage of your income do you spend on eating out?
5%
10%
15%
20%
If you get paid $10 an hour and work thirty hours in one week, what will you be paid?
$500
$300
$150
$200
True or False: You should set aside money for emergencies?
True
False
True or False: You should spend all of your money every month and not save anything.
True
False
True or False: Budgeting is extra work that does not benefit you and makes no difference in your life.
True
False
