WorksheetsUnderstanding Budget Vocabulary Quiz
Total questions: 10
Worksheet time: 5mins
What is the meaning of the word "budget"?
The amount of money that something costs.
A plan for how to use the money someone is earning.
Money or an item that is given away to help people.
Work someone does around the house.
Which word means "to have enough money to buy something"?
Afford
Price
Savings
Chore
What is the definition of "donation"?
The money that someone keeps and doesn't spend.
Money or an item that is given away to help people.
A plan for how to use the money someone is earning.
To figure out what is important and what is not.
Which vocabulary word matches this definition: "Work someone does around the house"?
Chore
Price
Prioritize
Budget
If you want to "prioritize" your spending, what are you doing?
Giving away money to help people.
Figuring out what is important and what is not.
Keeping money and not spending it.
Making a plan for your money.
Which word means "the amount of money that something costs"?
Price
Afford
Savings
Chore
What does "savings" mean?
Money or an item that is given away to help people.
The money that someone keeps and doesn't spend.
A plan for how to use the money someone is earning.
Work someone does around the house.
You have 10.Youwanttobuyatoyfor 8, donate 2tocharity,andsave 3. What should you do to stay within your budget?
Buy the toy, donate, and save as planned.
Only buy the toy and save $2.
Buy the toy and donate, but not save.
Choose which is most important and adjust your spending.
You have three chores: washing dishes, cleaning your room, and taking out the trash. If you only have time for two, how should you prioritize?
Do the easiest chores first.
Do the chores your parents asked for first.
Do any two chores you like.
Skip all chores.
You want to buy a book for 5,butyouonlyhave 3. What should you do?
Buy the book anyway.
Wait and save more money.
Ask someone else to pay.
Spend your money on something else.
