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Food Budgeting Review

Total questions: 13

Worksheet time: 13mins

Name
Class
Date
1.

People create and keep a personal budget to help them _____.

a)

set and reach financial goals

b)

apply for loan

c)

buy anything they want

d)

earn promotions at work

2.

Which of the following are considered a NEED? (You can choose more than one.)

a)

Airpods

b)

Water

c)

A new pair of shoes

d)

Food

e)

Xbox

3.

Which of the following are considered WANT? (You can choose more than one.)

a)

Concert tickets

b)

Water

c)

A new pair of shoes

d)

Rent

e)

Medical Bills

4.

How can someone save money on groceries?

a)

have a plan

b)

shop generic brand items

c)

keep track of sales

d)

all of the above

5.

True or False: You should always have a plan of what to buy before going to the grocery store.

a)

True

b)

False

6.

True or False: Generic brand items can be a more expensive alternative to name brand items.

a)

True

b)

False

7.

Which of the following is an effective strategy to save money on food expenses?

a)

Always do your grocery shopping on an empty stomach

b)

Limit the amount of takeout your buy

c)

Buy grocery items that are not on your pre-determined list

8.

If a family drinks a lot of milk and a gallon costs $5 and a half gallon costs $3, which should they purchase?

a)

$5 dollar gallon

b)

$3 dollar half gallon

9.

True or False: Comparing prices at different stores can help you save money.

a)

True

b)

False

10.

How can we be a smart shopper?

a)

Buy everything we want at once

b)

Look for discounts at several different stores

c)

Spend more money than we make

11.

Which is the best buy, a half pound of bacon for $0.75 or a pound of bacon for $2?

a)

half pound for $0.75

b)

a pound for $2

12.

Is this a name brand or generic product?

a)

Name Brand

b)

Generic

13.

Is this a name brand or generic product?

a)

Generic Brand

b)

Name Brand