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WorksheetsPlanning a Budget
Total questions: 10
Worksheet time: 5mins
This is the first step in planning a budget.
Spend a lot of money before you budget.
Set up a budget
Prepare a checklist of your needs, wants and goals.
Estimate your income for the month.
One of the components of a family is _______. This gets the biggest share in the family allocation of a family income.
Food
Savings
Education
Clothes
A plan of how the family income should be spent.
money
budget
allowance
foods
All are expenses, EXCEPT.
Internet
Clothes
Food
Extra Income
Fares for MRT, LRT, tricycles, or jeepney.
Education
Savings
Food
Transportation
A type of fixed expenses that includes electricity, water, telephone, and home cable bills.
Expenses
Medical and Dental
Labor
Utilities
All are kinds of family expenses, EXCEPT.
Food
Clothes
Utilities
Salary
_________ is an example of FIXED EXPENSES.
Utilities
Food
Transportation
Material things
A type of expenses that come irregularly or paid in varying amounts.
Flexible Expenses
Fixed Expenses
Paid Expenses
Budgeted Expenses
Activity done for enjoyment when one is not working.
Allowance
Paid overtime
Savings
Recreation
