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Worksheets9HSS-M
Total questions: 17
Worksheet time: 10mins
How are you feeling today?
Would you rather be a
bear
dinosaur
shark
sloth
fly
What would you buy first with $500 dollars
The latest console
Go shopping for anything on my wishlist
Plan a holiday
Save it for later
Spend it on living expenses
What is credit and debit? How are they used?
Which of the following are considered fixed expenses? (You can choose more than one.)
Tv/ streaming subscription
Electricity
Insurance coverage
Rent
Medical fees
The following could be considered long-term financial goals, except:
University/ study-tuition fees
Retirement
Dinner date for two
Real estate
A budget or a financial plan would not work if you ___________.
know how to set smart goals
are responsible and aware of your spending's
wait for the end of the year to record your expenses
know how to prioritize
The first step in creating a budget is _________.
know your income
determine fixed expenses
determine variable expenses
review periodically
When a person borrows from the bank and receives the cash as credit, they can consider it as income.
True
False
The first consideration to start the budgeting process is to _________.
set financial goals
pay off all the debts
invest in the stock market
borrow money
Money that you earn.
Asset
Expense
Income
What is an expense?
Money that you spend or give away.
Money that you earn.
Money that you put away for later.
Money that you put away or in a bank for the future.
Expense
Savings
Income
What is overspending?
Using money you get to spend on multiple items.
Using more money than you have available and are in debt.
Using only the amount of money you have in the bank.
A plan for spending and saving.
Budget
Savings
Income
What is an expense that does not change from month to month?
Variable expense
Fixed expense
Unexpected expense
What is a variable expense?
An expense that changes every month.
An expense that is unexpected.
An expense that is the same month to month.
