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WorksheetsS2 Importance of budgeting
Total questions: 10
Worksheet time: 5mins
What do we call a plan for how you will use any future income (money)?
A bank
A budget
Savings
Needs
If you make £10.00/hour and work 20 hours, how much will you make?
£10.00
£0.20
£220.00
£200.00
What are the benefits of using a budget? (Select all correct answers)
You can see if you are overspending
You can predict the future
You can identify if you have extra cash
You can plan ahead
Being careful with how you spend money is being
A spendthrift
Extravagant
Financially Responsible
Ridiculous
To give money to an organisation or person in need is to
Earn
Save
Spend
Donate
To put money away for something in the future is to
Earn
Save
Spend
Donate
To get money by working is to
Earn
Save
Spend
Donate
Money taken out of your wages before you get it, and given to the government is called
Income
Savings
Taxes
Spending
Bank statements show . . .
Money coming in and out of your account
Taxes you have paid
Only money that goes in to your account
Your employers address
The document we receive after making a purchase in a store is called a
Bank Statement
Bill
Payslip
Receipt
