NEW
Font size
WorksheetsFinancial Literacy Part 2 (Budgeting)
Total questions: 10
Worksheet time: 5mins
Which of the following is a benefit of using a budget?
All answers are correct
Helps to keep track of the money you receive
Helps to prioritize your spending
Helps reach short-and long-term financial goals
Why is using a budget beneficial?
Helps to keep rack of the money you receive
Helps to prioritize your spending
Helps reach short-and long term goals
All answers are correct
Where should you look to find your current expenses when building your budget?
Bank and credit statements
ask your parents
your wallet
your bank representative
Bank statements, credit statement, and records of cash expenses help you to estimate your__________.
expenses
credit score
emergency fund needs
available investments
The envelope method, notebook and pencil, and online software are all methods of ______.
estimating your unexpected expenses
tracking your spending
understanding your current expenses
planning for your future
Which of the following expenses would be a good reason to spend money from an emergency fund?
Upgrade your phone to the latest model.
Buy new track shoes because they're in style.
Repair your laptop that you use for homework.
Purchase concert tickets to see your favorite artist.
An unanticipated expense that will make it difficult to get by day-today would be a candidate for.....
emergency fund spending
spending money from your 'rent' envelope
tracking all of the money you spent in a month
getting an extra job so you can have money to cover that expense
In your budgeting process, when should you look at recurring expenses?
After considering entertainment expenses
Before looking at your needs
After your wants but before you needs
Before reviewing your wants
Charitable donations, entertainment expenses, and financial goals are all examples of.....
things to consider when creating a budget
activities that contribute to overspending
things that are considered needs.
activities that are necessary for a healthy lifestyle
This helps you prepare for unexpected expenses.
Credit Cards
Emergency fund
Checking Account
None of the answers are correct
