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Worksheets

Budget

Total questions: 15

Worksheet time: 30mins

Name
Class
Date
1.

A budget is a helpful tool.

a)

True

b)

False

2.

A budget is ________.

a)

a list of what to buy at the store

b)

a plan for your money

c)

things you should not do

3.

A budget ________.

a)

lets you know how much money you have and where it is going

b)

lets you know what is for dinner

c)

is something babies do

4.

The goal of a budget is ____.

a)

To spend more than you make

b)

To spend less than you make

5.

When you want something, you should ALWAYS get it.

a)

true

b)

false

6.

What is an essential expense?

a)

the things that you need

b)

the things you do not need but spend money on anyways

7.

What is a non-essential expense?

a)

the things you need

b)

things you do not need but spend money on anyways

8.

A budget helps you save money for the things you want.

a)

true

b)

false

9.

Money you set aside for the future is

a)

income

b)

expenses

c)

savings

10.

The money you make is called your _____.

a)

budget

b)

income

c)

expenses

11.

Food, water, and clothing are a ____.

a)

want

b)

need

12.

The new PS5 is a _____.

a)

want

b)

need

13.

You have $10. A milkshake and fries cost $8. Is it in your budget?

a)

yes

b)

no

14.

You have $20. You want a new shirt that cost $20.99. Is it in your budget?

a)

yes

b)

no

15.

What are expenses?

a)

money that you spend

b)

a gift from someone

c)

weekly allowance