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WorksheetsBudget
Total questions: 10
Worksheet time: 9mins
Name
Class
Date
1.
A plan on how to spend and save money.
a)
Saving Plan
b)
Spending Plan
c)
Budget
d)
Income Plan
2.
Money that comes from outside sources such as a job or birthday money.
a)
Income
b)
Wage
c)
Salary
d)
Investments
3.
Basic needs that a household must pay for such as housing, groceries, healthcare, utilities, etc.
a)
Spending
b)
Saving
c)
Expenses
d)
Budget
4.
Setting money aside to use in the future is called...
a)
Budget
b)
Expense
c)
Income
d)
Saving
5.
A detailed budget will include _______, expenses, and savings.
a)
salary
b)
retirement
c)
wage
d)
income
6.
Money saved for unexpected expenses.
a)
Emergency Fund
b)
Bills
c)
Sick days
d)
Expenses
7.
What percent of income should be saved each month?
a)
5%
b)
10%
c)
15%
d)
20%
8.
Why is it useful to keep a budget?
4 lines
9.
A (a) is a plan for where every dollar of your paycheck is going to go including expenses and saving.
10.
A BUDGET CAN HELP YOU (a) FOR THE FUTURE.
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