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WorksheetsBudgets - Year 7
Total questions: 11
Worksheet time: 8mins
Explain what a budget is
On a budget, money that is earned is called
Expenses
Payments
Income
receipts
When a person spends money, this is reported as
Income
Payment
Balance
Cash Budget
If you earn $10 a week, how much money would you earn each month?
$40
$10
$20
$30
If your employer pays you wages, do you record this as Income or Payments on your budget?
Payments
Income
If you spend $20 a month on Netflix, you would record this on your budget as a
Income
Balance
Payment
Cash Budget
A report which shows the Income, Payments and Cash Balance for a period of time is called a
Payment
Cash Budget
Income
Cash Balance
How do you calculate the Cash Balance of a Budget?
Payments + Income
Payments - Income
Income + Payments
Income - Payments
If Caleb earns $100 each week, how much money does he earn earn month?
$100
$200
$300
$400
True or False. A good budget will always have more Income than payments
True
False
Look at Laylah's budget. What is her Total Income?
$36
-$6
$44
$30
