WorksheetsBudgeting
Total questions: 20
Worksheet time: 5hrs 0mins
Which of the following is generally the most expensive category in a person’s budget?
Healthcare
Clothing
Transportation
Housing
When making a budget, a person’s needs should come before their wants.
True
False
Jaxson can budget 1% of his monthly income to gifts. If he makes $1,295 a month, how much money can he put toward his gift category?
$12.95
$1.29
$120.95
$1.95
Carla’s monthly income is $2,500. She can spend 35% of her monthly income on her housing category, how much money does she have to spend in this category?
$875
$110
$765
$90
What is 35% of $2,492.
$872.20
$474.10
$903.99
$765.43
If an expense can be cut from your budget to save money, it is considered a ______.
want
need
income
savings
Of all the choices, which one should you budget for first?
Groceries
Entertainment
Cell Phone Bill
New Car
What is a need?
Something you must have
Something you'd like to have
Something you would like to do
All of the above
8.The money an individual spends regularly for items or services.
Budget
Expense
Checking Account
Financial Plan
Fixed or variable expense: Groceries
Fixed
Variable
Car Payment is an example of what: a fixed expense or a variable expense?
Fixed Expense
Variable Expense
I received my paycheck from my employer. My paycheck is an example of a what:
Withdrawal
Deposit
Loan
The Gummy family budget $35 a month for a vacation. How much money will they have saved up if they continue to save this amount for 15 months?
$525
$225
$550
$50
A financial plan is called a
budget
tax
allowance
income
Ace’s car holds 23 gallons of gas. If gas is $3.49 per gallon, how much will it cost Ace to fill up his car?
$80.27
$26.49
$27.80
$50.78
