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Budget Vocabulary

Total questions: 10

Worksheet time: 10mins

Name
Class
Date
1.

Money that you earn (“Money In”)

a)

payment

b)

expenses

c)

income

d)

budget

2.

money that you spend or give away (“Money Out”)

a)

income

b)

savings

c)

overspending

d)

expenses

3.

money that you put away or put in the bank to use later; a plan for buying future wants or needs

a)

income

b)

savings

c)

insurance

d)

expenses

4.

using more money than you have available

a)

income

b)

savings

c)

insurance

d)

overspending

5.

a plan for spending money and saving

a)

budget

b)

savings

c)

insurance

d)

overspending

6.

Buying the things we need (clothing, food)

Buying things we want (games, toys)

Giving to others (gifts, donations)

a)

budget

b)

savings

c)

expenses

d)

overspending

7.

Budgeting can help prevent impulse buying.

a)

True

b)

False

8.

Creating a budget plan can help you save money.

a)

True

b)

False

9.

A budget plan is meant to make you overspend your income.

a)

True

b)

False

10.

A budget helps you keep track of how you spend your money.

a)

True

b)

False