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WorksheetsBudgeting
Total questions: 13
Worksheet time: 13mins
If an expense can NOT be removed from your budget to save money, it is considered a _____.
Income
Want
Need
Savings
Fixed or variable expense: Groceries
Fixed
Variable
A financial plan is called a
budget
tax
allowance
income
If an expense can be cut from your budget to save money, it is considered a ______.
want
need
income
savings
A 9th grader makes and sells earrings as a way to earn extra money. The money she gets is considered _______.
income
needs
outflow
wants
Of all the choices, which one should you budget for first?
Groceries
Entertainment
Cell Phone Bill
New Car
NSF stands for
non satisfactory financing
not saving fully
non sufficient funds
non surplus funds
Assets - Liabilities =
Net Worth
Share
insolvent
personal inventory
What is the first rule of financial literacy?
Spend your money - you earned it.
Always put your money in a safe place.
Never lend money to friends.
Pay yourself first.
Which of the following are reasons to create a budget? You may select more than one response.
Plan for a financial goal.
Be able to spend all your money.
Help pay off debt.
