NEW
Font size
WorksheetsBudgeting Quiz
Total questions: 15
Worksheet time: 8mins
What is an asset?
A valuable thing or quality
A cost required for something
The total wealth of an individual
The money one has saved
What is a budget?
A written record of money flow
An informal document for cash flow
A method for visualizing expenses
A monetary target to strive for
What is a spending plan?
An informal document for cash flow
A method for visualizing expenses
A monetary target to strive for
A valuable thing or quality
What is the envelope money system?
A method for visualizing expenses
A popular budgeting method
A monetary target to strive for
A valuable thing or quality
What is an expense?
A valuable thing or quality
A cost required for something
The total wealth of an individual
The money one has saved
What are financial goals?
A valuable thing or quality
A cost required for something
Monetary targets to strive for
The money one has saved
What is financial planning?
A written record of money flow
An informal document for cash flow
A document detailing financial circumstances
A monetary target to strive for
What are fixed expenses?
Costs that largely remain constant
Costs that are easily changed
Monetary targets to strive for
A valuable thing or quality
What are flexible expenses?
Costs that largely remain constant
Costs that are easily changed
Monetary targets to strive for
A valuable thing or quality
What is a goal?
A valuable thing or quality
A cost required for something
The object of a person's ambition
The money one has saved
What is gross income?
An individual's total earnings after deductions
An individual's total earnings before deductions
The amount an individual or business makes after deductions
The amount an individual or business makes before deductions
What is net income?
An individual's total earnings after deductions
An individual's total earnings before deductions
The amount an individual or business makes after deductions
The amount an individual or business makes before deductions
What is net loss?
When total expenses exceed income
When total income exceeds expenses
The total wealth of an individual
The money one has saved
What is net worth?
A valuable thing or quality
A cost required for something
The total wealth of an individual
The money one has saved
What are taxes?
A charge imposed by authority for public purposes
A cost required for something
The total wealth of an individual
The money one has saved
