WorksheetsPersonal Finance & Budgeting Basics
Total questions: 10
Worksheet time: 5mins
What is personal finance?
The study of history
How you manage your money
A type of math
Something only adults need
A budget is…
A plan for how to spend and save money
A type of bank account
A paycheck
A loan
Income means:
Money you spend
Money you borrow
Money you receive
Money you owe
An expense is money you earn.
True
False
Which of these is a need?
New shoes for fun
Rent
Concert ticket
Netflix subscription
Which of these is a want?
Groceries
Gas for your car
Cell phone bill
Fast food
Write ONE example of a 'need' in your life and ONE example of a 'want'.
Need: food, Want: video games
Need: video games, Want: water
Need: candy, Want: shelter
Need: toys, Want: air
Fill in the blank: Budgeting helps you avoid ________.
overspending
saving money
earning interest
making investments
One reason budgeting can reduce stress is because:
It makes sure you always have money for emergencies
It lets you spend without thinking
It guarantees you’ll be rich
It means you never have to pay bills
Budgeting is important for me because it helps me:
Manage my money and plan for future expenses.
Spend all my money quickly.
Ignore my financial responsibilities.
Avoid saving for goals I care about.
