WorksheetsM2 T2 L3
Total questions: 9
Worksheet time: 5mins
What is a personal budget?
An estimate of the costs a person or family will need for specific financial items
A list of only entertainment expenses
A record of only savings for the future
A summary of only food expenses
1
Home
Food
Vehicles
Entertainment
2
Entertainment and Food
Home and Vehicles
Bills and Savings
Food and Home
3
$14,700
$9,800
$1,470
$24,500
4
$9,800
$19,600
$29,400
$39,200
8
Total Expense amount
(a)
8
If the Rodriguez family wants to reduce their monthly expenses by $1,000, which combination of two expenses could they eliminate to achieve this goal?
Mortgage and food
Credit cards and vacation fund
Entertainment and miscellaneous
Retirement savings and emergency expenditures
8
What percent of the total expenses is spent on utilities according to the sample graph?
10%
20%
5%
1%
8
If the total expenses are $10,000 and the amount spent on food is $500, what percentage of the total expenses is spent on food?
1%
5%
10%
20%
