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Making A Budget

Total questions: 15

Worksheet time: 10mins

Name
Class
Date
1.

When you are working regularly and earning more money, you need a...

a)

Savings Account

b)

Budget

c)

Bank Account

d)

All Of The Above

2.

Plan for saving and saving money

a)

Budget

b)

Income

c)

Expenses

d)

Services

3.

The money you expect to have coming in

a)

Expenses

b)

Budget

c)

Income

d)

Output

4.

Saving goals that take a year or more to reach

a)

Short Term Goals

b)

Want

c)

Flexible income

d)

Long Term Goals

5.

Where are 3 places to look to get ideas of costs for items?

a)

News Paper Ads

b)

Stores

c)

Internet

d)

All The Above

6.

Whats another word for FLEXIBLE or FIXED expenses?

a)

Want, Need

b)

want,need

c)

Want, need

d)

WANT, NEED

7.

You must have a budget account at the age of 18.

a)

True

b)

False

8.

What is is called when the bank pays you?

a)

Interest

b)

Income

c)

Both

9.

what are 2 kinds of expenses?

a)

Fixed,Flexible

b)

Want, Need

10.

Do all banks pay the same amount of income?

a)

YES!!!!!

b)

NO!!!!

c)

True

d)

False

11.

expenses

a)

the price of what you buy

b)

the money you will pay out for goods and services

c)

money

d)

income

12.

Income the money to expect coming in

a)

True

b)

False

13.

What is Jesse's monthly allowance?

a)

90

b)

150

c)

40

14.

What does Jesse want to buy?

a)

Skateboards

b)

Bikes

c)

Food

d)

Bed sheets

e)

New Parents

15.

Does Jesse speak spanish?

a)

Yes

b)

NO