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budgeting

Total questions: 13

Worksheet time: 8mins

Name
Class
Date
1.

A ____________ is a way of recording your income and spending.

a)

budgie

b)

budget

c)

budge

d)

none of the above

2.

Which of the following is an advantage of a budget plan.

a)

To help people plan for what they need and want.

b)

To help them lose money.

c)

To help them help others

d)

To help out a friend in need.

3.

Name three things you should have in a budget plan.

4 lines
4.

A budget helps people to save more effectively.

a)

true

b)

false

5.

It helps people control their money.

a)

true

b)

false

6.

It helps people to become poorer.

a)

true

b)

false

7.

People can prepare for financial emergencies

a)

true

b)

false

8.

It helps people to _________ their financial goals.

a)

ignore

b)

budget

c)

achieve

d)

bank

9.

It can help to miss opportunities.

a)

true

b)

false

10.

People can prepare for the future.

a)

true

b)

false

11.

Which of these is NOT a benefit of budgeting.

a)

Preparing for the future

b)

Saving for needs and wants

c)

Helping to identify opportunities

d)

Helping you to lose money

12.

In your opinion, is having a budget plan a good idea.

a)

Yes

b)

No

c)

Don't know

13.

Will you plan to have a budget in the future.

a)

Yes

b)

No

c)

Don't know