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what is budgeting

Total questions: 10

Worksheet time: 6mins

Name
Class
Date
1.

What is budget

a)

budget is a plan you write down to decide how you will spend your money each month.

b)

inception-to-date funds that are project specific and have defined start and end dates that do not necessarily align with the fiscal year.

c)

operating budgets, not financial budgets.

d)

a spending plan based on income and expenses

2.

What is income

a)

unemployment compensation, worker's compensation benefits, or social security benefits

b)

money that you earn!

c)

the income amount that divides a population into two equally-sized groups, half having an income above that amount, and half having an income below that amount.

d)
  1. Look for ways you can cut your expenses. ...

  2. Automate your savings. ...

  3. Sell used items online.

3.

Draw you budgeting or making money

4.

budget. What steps should you take?

a)
  • Calculate your net income.

  • List monthly expenses.

  • Label fixed and variable expenses.

  • Determine average monthly costs for each expense

b)
  • Debt. ...

  • Flexible and Unplanned Expenses. ...

  • Savings.

c)

Pay more than the minimum payment. Go through your budget and decide how much extra you can put toward your debt

d)
  • Pay off high-interest debt first. ...

  • Pay off the smallest balance first.

5.

what do u call financial stability.

(a)  

6.

what is debt

a)

money one person, organization, or government owes to another person, organization, or government

b)

is money you owe a person or a business

c)

free life isn't only for a special group of people. It's something anyone can do with hard work and some special characteristics

d)

something, typically money, that is owed or due

7.

small break abt songs

a)

Heart On Ice

Rod Wave

c)

Paint the Sky Red

Rod Wave

d)

Favorite Song

Toosii

8.

what is an expense

a)

the cost required for something; the money spent on something

b)

wages, salaries, maintenance, rent, and depreciation. Expenses are deducted from revenue to arrive at profits. Businesses are allowed

c)

an amount of money needed or used to do or buy something

d)

Gather your financial statements. These documents, such as bills, mortgage statements, and account statements, can help you see exactly where your money is going. ...

9.

do you know how to budget

a)

Yes

b)

no

10.

what do u call when u have no money

(a)