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WorksheetsBudgeting Money
Total questions: 25
Worksheet time: 13mins
Following a budget is a good way to control spending.
True
False
You should never spend more than 2% of your income on a vacation.
True
False
A good guideline for housing and related expenses is 34% of your income.
True
False
Say your rent gets raised. It now makes your housing expenses more than 34% of your income. You have no choice but to move.
True
False
A plan for how you will spend your money.
budget
bugdet
buggie
budgie
The total amount of money you take home.
income
encome
incom
incommon
If something is within your price range you can ______ it.
afford
aford
Ford
fnord
If you alter, or change, something in your budget you have made an _______.
adjustment
adjustmint
adjustmant
adamant
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.
Using more money than you have available.
Using money you have in the bank.
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.
Something thought to be an essential item required for life (food, water etc.).
Need
Want
Desire
Something unnecessary but you desire.
Need
Want
Expect
Money earned after taxes and other deductions.
Net income
Gross income
Monthly income
What is unplanned, compulsive spending called?
Impulse buying
Planned buying
Budgeted buying
What is money that is earned through wages, salary, tips, and interest from savings called?
Income
Expenses
Savings
What do families spend most of their money on?
Transportation
Housing
Food
Income earned prior to taxes and other deductions
net income
variable income
gross income
rate income
Which among the following would represent a budget that is balanced?
income is greater than or equal to expenses
expenses is greater than or equal to income
gross income earned matches net income
tax deductions match the total revenue spent
When you want something, you should ALWAYS get it.
true
false
You have $20. You want a new shirt that cost $20.99. Is it in your budget?
yes
no
You have $10. A milkshake and fries cost $8. Is it in your budget?
yes
no
