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Budget Vocabulary

Total questions: 20

Worksheet time: 20mins

Name
Class
Date
1.

Plan on how to spend and safe money

a)

bank

b)

budget

c)

checking account

2.

Building where people keep their money

a)

bank

b)

needs

c)

statement

3.

money in the bank you can spend using a check

a)

paycheck

b)

wants

c)

checking account

4.

money in the bank your are saving

a)

bank

b)

savings account

c)

needs

5.

letter you get in the mail from the bank telling you how much money you have

a)

budget

b)

statement

c)

allowance

6.

money you earn from a job

a)

bills

b)

paycheck

c)

budget

7.

money you owe to someone else

a)

bills

b)

wants

c)

bank

8.

things you would like to have but could live without

a)

needs

b)

wants

c)

bank

9.

things you need to live

a)

budget

b)

wants

c)

needs

10.

money you hear from your parents for a job

a)

bills

b)

allowance

c)

statement

11.

To put money into a bank account.

a)

withdrawal

b)

deposit

c)

savings

d)

cost

12.

To take money out of the bank to use.

a)

sabing

b)

deposit

c)

cost

d)

withdrawal

13.

Something you have to have such as food or water.

a)

savings

b)

needs

c)

wants

d)

borrow

14.

Something you make to help you spend or save money wisely

a)

finance

b)

budget

c)

withdrawal

d)

wants

15.
a)
budget
b)
trade off
c)
goal
d)
disposable income
16.
a)
emergency fund
b)
surplus
c)
disposable income
d)
discretionary income
17.

Group of bills such as water, electricity, and sewage are also known as __________.

a)

Utilities

b)

Rent

c)

Car payment

d)

Life insurance

18.

What a tenant pay's a landlord for use of house/apartment is called ____________

a)

Budget

b)

Mortgage

c)

Rent

d)

Savings

19.

Account you put money into for when you stop working when you are older is called a ____________ account.

a)

Rent

b)

Retirement

c)

Loan

d)

Credit card

20.

Money paid to protect your property in the event of an accident or you get hurt/sick/worse is called __________.

a)

Rent

b)

Budget

c)

Savings

d)

Insurance