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WorksheetsPersonal Expense Record
Total questions: 16
Worksheet time: 9mins
Your personal expense record is a first step toward_________.
paying your bills
making a budget
borrowing money
getting into debt
Your expenses should be organized ___________.
alphabetically
by amounts spent
under budget categories
poorly
Transportation, Food, and Entertainment are examples of _____________.
excess spending
budget categories
fixed expenses
personal care
To stay out of debt, it's important to budget money for____________.
personal care
savings
other
food
Excessive spending means_____________.
Money for bus fare fits in the budget c_________ "Transportation."
A budget it a helpful tool.
True
False
A budget is ___________.
a list of what to buy at a store
a plan for managing your money. It compares how much you earn (make) to how much you spend
is things you shouldn't do
The goal of a budget is _________________.
to spend more than you make
to spend less than you make
When you want something you should ALWAYS get it.
True
False
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
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
Which word of phrase should be at the top of the left column of this budget?
Cash flow
Fixed costs
Income
Savings
Lola is saving for a vacation. Based on the budget numbers here, how much can she put in her vacation account this month?
$32.00
$48.00
$112.00
$128.00
Gabby wants to buy a new dishwasher that costs $500. She has already saved $100. She earns $1,200 a month and her total monthly expenses come to $1,000. Gabby is going to put all of her extra money each month into her savings account for the dishwasher. Assuming her expenses stay the same, how long will it take Gabby to save enough money for the dishwasher?
three months
Two monthes
five months
one month
