WorksheetsA Balanced Budget
Total questions: 15
Worksheet time: 8mins
A budget shows what you plan to do ___________.
with your income
about emergencies
for entertainment
with your interest
If your income equals your expenses, you have ____________.
more savings
a spending problem
a balanced budget
less savings
Sticking to a balanced budget helps you ____________.
change fixed expenses
spend your money
stay out of debt
change variable expenses
Keeping a balanced budget can also help you__________.
earn more money
find ways to save
spend money faster
pay higher interest
Certain budget items can't be changed. These are called __________ expenses.
fixed
fexid
variable
varaible
Certain budget items can be changed. These are called ________ expenses.
fixed
fexid
variable
varaible
A budget lists your planned or _________ income
expected
exact
hoped
expectorant
Another word for income is __________.
earnings
expenses
earrings
expensive
People create and keep a personal budget to help them _____.
set and reach financial goals
apply for loan
buy anything they want
earn promotions at work
For which item would someone most likely need to save money in order to
purchase?
a washing machine
a tub of ice cream
dinner for two
a pair of socks
Which of the following are considered variable expenses? (You can choose more than one.)
Magazine subscription
Electricity
Insurance coverage
Clothing
Recreation and vacation
Which of the following are considered fixed expenses? (You can choose more than one.)
Cable subscription
Electricity
Insurance coverage
Rent
Medical fees
The first step in creating a budget is _________.
know your income
determine fixed expenses
determine variable expenses
review periodically
Cherry recorded the following as her transportation expense.
Feb - $255
Mar - $281
Apr - $260
Find her monthly average expense for transportation.
(a)
Find the savings amount Gavel needs to set aside each month to be able to afford a phone worth $2250 in 6 months.
(a)
