Free Printable Budgeting

Worksheets

Budgeting

Total questions: 25

Worksheet time: 15mins

Name

Class

Date

Budgeting is crucial to your financial success.

True

False

Preparing a budget includes

Income, Expenses, Saving

Only listing your expenses

Only listing your debts

Only listing your income

When making a budget, a person’s needs should come before their wants.

True

False

Which of the following is generally the most expensive category in a person’s budget?

Healthcare

Clothing

Transportation

Housing

Payments can be made in the future.

Debit Card

Credit Card

Stored Value Card

Steve has a good job as well as a checking and savings account. When he went to the store to buy groceries, his total was $45.23. However, he only had $30 in cash on him. How should he pay for his groceries?

Credit Card

Check

Debit Card

He should get more money from an ATM.

Mary has a part-time job. She can pay her bills but does not typically have much money left over. She gets into a car accident and must pay $400 for her car to be fixed. She only has $150 in her bank account and $24 in cash. How should she pay to fix her car?

Check

Cash

Credit Card

Debit Card

What is the difference between Debit and Credit?

Debit uses money borrowed from the bank, Credit uses the money you already have.

Credit uses borrowed money or the bank's money, Debit uses your money.

They are both cards, they are the same.

Debit charges interest until the balance is paid. Credit does not because you are using your own own money.

Using a person's own money is physical form.

Credit Cards

Cash

Debit Cards

Online Banking

10.

Credit is used for:

(Select ALL that apply)

Buying a home

Student loans

Large purchases (like washer & dryer, new phone, doctors bill)

Emergencies (leaky roof, fix the brakes on a vehicle)

11.

What is the definition of a need?

Something you would like to have but will be okay without it

Something you truly can't live without

None of the above

12.

What is the definition of a want?

Something you would like too have but will be okay without it.

Something you truly can't live without.

None of the above

13.

Which is Starbucks?

Need

Want

Both

14.

An iPhone 11 is....

a need

a want

both

15.

Food is a...

Need

Want

16.

Social Media is an example of a...

Want

Need

Both

17.

Clothes are a...

Want

Need

Both

18.

Amusement parks are an example of....

a need

a want

19.

Shelter/place to live is a need.

True

False

20.

Airpods are a need.

True

False

21.

PS4 is a...

need

want

22.

Sleep is...

a need

a want

neither

23.

Which of these is a need?

clean air

new jeans

cool sneakers

your favorite candy

24.

Which of these is a want?

food

water

shelter

smartphone

25.

Which is a want?

A place to live (shelter)

Oxygen

Car

Food

Reset

Budgeting

Total questions: 25

Worksheet time: 15mins

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