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Creating a budget 18.1

Total questions: 11

Worksheet time: 38mins

Name
Class
Date
1.

Tina earned $15 doing laundry and $9 washing the car last month. She created a balanced budget for her earnings. Which table could show Tina’s budget?

a)
b)
c)
d)
2.

Lola is saving for a vacation. Based on the budget numbers here, how much can she put in her vacation account this month?

a)

$32.00

b)

$48.00

c)

$112.00

d)

$128.00

3.

Learning to manage your money will help make you (a)   meaning you understand the basics of finance.

4.

The first step in making a budget is to:

a)

identify all sources of income

b)

how much monthly bills are

c)

identify all places of spending

d)

get a piece of paper

5.

(a)   is designed to provide financial security to the family of the insured, if that person dies.

6.

Most renters pay a ______ when they sign a lease. This is money given as an assurance to the owner that the tenant will follow the lease terms.

a)

utility deposit

b)

property deposit

c)

utilities

d)

security deposit

7.

Once a budget is established, you should not make a sincere effort to follow it.

a)

True

b)

False

8.

What type of expense is a set amount of money due on a set date?

a)

fixed expense

b)

flexible expense

9.

When you purchase insurance, you are the _______. The insurance company is the _______.

a)

insurer; insured

b)

insured; insurer

10.

There are (a)   basic types of automobile insurance.

11.

This type of insurance can help people pay for regular check ups.

a)

Property insurance

b)

Disability insurance

c)

health insurance

d)

life insurance