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BUDGETING TLE 6

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

includes anything tangible or intangible that helps provide for the needs of its members

a)

Budgeting

b)

Family Resources

c)

Savings

d)

Needs

2.

Something that we should have to survive.

a)

Needs

b)

Wants

3.

Something that people desire to have.

a)

Needs

b)

Wants

4.

It is the wise use of family resources.

a)

Savings

b)

Wants

c)

Needs

d)

Budgeting

5.

This component of family's budget includes bill such as water, electric, telephone and salary of helper.

a)

Leisure

b)

Household Operations

c)

Savings

d)

Health Needs

6.

A small percent of the family's income that is set aside for the needs that unexpectedly to arise.

a)

Leisure

b)

Household Operations

c)

Savings

d)

Health Needs

7.

This component is set aside for the health of family members.

a)

Leisure

b)

Household Operations

c)

Savings

d)

Health Needs

8.

This is an example of Needs.

a)

Car

b)

Travel

c)

Food

d)

Gadgets

9.

This is an example of WANTS

a)

Food

b)

Shelter

c)

Travel

d)

Education

10.

The process of creating a plan to spend your money

a)

Savings

b)

Expenses

c)

Budget Planning

d)

Family Income