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Studies Weekly Week 31 Review

Total questions: 10

Worksheet time: 9mins

Name
Class
Date
1.

A budget, or finance plan helps you to:

a)

save money

b)

track how you spend money

c)

manage your money

d)

all of these

2.

Which is something NOT mentioned as a part of a budget:

a)

ways to spend and save money

b)

ways to take care of emergencies

c)

taking money from others

d)

thinking about the future

3.

Which is the most important thing to remember about spending money.

a)

planning how to give it away

b)

planning how to spend it in advance

c)

planning how to earn a lot of money

4.

What is debt?

a)

money you spend

b)

money you save

c)

money you owe to others

5.

All of the things we spend money on: bills, food, toys, clothes are called (a)   .

6.

Regular money that we earn through work or investments is called (a)   . It's the opposite of expenses.

7.

Why do businesses need to budget?

4 lines
8.

_________________ _____________ is a thinking skill that helps you: guess how long it takes to do something, complete tasks on time, and not waste time.

(a)  

9.

According to the article, what does the phrase "time is money" mean?

a)

It's OK to waste time.

b)

Time doesn't matter.

c)

Take your time.

d)

Time is as valuable as money.

10.

Budgets for money are important.

So are budgets for time.

Explain how budgeting time can be important for a fourth grader.

4 lines