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WorksheetsUnderstanding Allowances
Total questions: 10
Worksheet time: 5mins
Spending plans are decisions about how you spend your allowance.
True
False
A written spending plan is the best way to manage an allowance.
True
False
Spending plans should be discussed with parents.
True
False
Everyone has the same spending plan.
True
False
My spending plan must remain the same for an entire year.
True
False
Giving to a charity can be part of my spending plan.
True
False
Changes can be made in my written spending plan:
Only once a week
Only once a month
Only once every six months
As my needs change
Saving provides money for:
Emergency expenses
Unplanned expenses next year
Expenses in five years
All of the above
A spending plan can be made by:
Keeping a diary of expenses
Asking a friend to make it for you
Deciding what to purchase when you go to the store
Checking how much money is in your pocket
Which of the following is NOT a spending plan category:
Transportation
Entertainment
Candy Bars
Clothing
