WorksheetsBudgeting
Total questions: 10
Worksheet time: 5mins
What is a need?
Bottle of Soda
Dr. Appointment
Netflix
Concert tickets
What is a want?
Gas
Bus ticket
Taylor Swift Ticket
Phone bill
What is the 50/30/20 rule
50 dollars for me, 30 dollars for you, 20 dollars for paying bills.
50% on expenses, 30% on wants, 20% on savings
save 50% for amusement, 30% for food, 20% for ice cream
save 50% when you spend $20 on the 30th of the month.
What is the fund for unexpected expenses.
budget
saving for goal
30% of budget
emergency fund
Keeping your budget will keep you ____________ for your goals.
on track
distracted from
annoyed about thinking
off track
how much should you put away for savings?
2000 dollars
50%
none
10 -20%
what is the 20/4/10 rule for buying a car?
look at 4 car dealerships for 20 minutes of research and use 10% of your money for a down payment.
Look at 20 cars, at 4 dealerships, save 10 percent on the car.
20 minutes to negotiate 4% down payment and 10 payments.
20% down payment, contract of no longer than 4 years and 10% of your budget to make your payments
What part of your budget goes for wants and optional items?
the biggest part
10%
30%
50%
You go to Starbucks and buy two double mochas for you and a friend. The bill comes to $7.53. How much change do you get back from a $10 bill?
$2.49
247 cents
$3.43
$ 2.47
Savings accounts are really great for
Long term goals or emergencies
Wants
Immediate needs
Current bills
