Font size
WorksheetsBudgeting
Total questions: 15
Worksheet time: 10mins
to spend money or time on an asset, with the hopes that it will increase in value over time
invest
balanced budget
withholdings
discretionary
expenses that are optional
invest
balanced budget
withholdings
discretionary
amounts removed from gross income to pay for taxes and other expenses
invest
balanced budget
withholdings
discretionary
a budget in which the amount spent is less than or equal to the amount taken in
invest
balanced budget
withholdings
discretionary
A budget is a (a) for distributing your income.
Creating a (a) : • makes accidental overspending less likely. • can make you more conscious of your money’s value. • can reduce your chances of falling into debt .* you'll feel less stressed and happier
_____ income is the amount earned before deductions.
Gross
Net
Insurance
Deductions
_____income is the amount received after deductions.
Gross
Net
Insurance
Deductions
Gross Income − _________ = Net Income
Gross
Net
Insurance
Deductions
Income Tax, Payroll Tax, Insurance and benefit expenses, and savings deductions are all examples of (a) on your paystub.
Achieving personal financial satisfaction starts with setting financial (a) , both long-term and short-term.
Making rent or mortgage payments • Paying for transportation are examples of (choose 2)
Mandatory
Discretionary
Fixed
Variable
• Going out to dinner • Purchasing movies or music are examples of (choose 2)
Mandatory
Discretionary
Fixed
Variable
Planning for ______ is number 1 on the priority list for your budget.
essentials
security
goals
lifestyle
discretionary
Planning for ______ is number 3 on the priority list for your budget.
essentials
security
goals
lifestyle
discretionary
