WorksheetsFinance and Budgeting Unit
Total questions: 43
Worksheet time: 50mins
Medical care, food and clean clothing will be considered a
(a)
A vacation, subscriptions, and eating out every night would be an example of a
(a)
An account where money is kept for future use such as buying a house, a new car, emergencies
(a)
A plan for your estimated income, expenses, and savings is called this
a series of envelopes that are divided into categories and are used to store cash for planned monthly expenses
(a)
50/30/20 Budget
Pay Yourself First Budget
Zero-Balance Budget
Which of the following is a benefit of using a budget?
(a)
helps keep track of money you receive
help to prioritize your spending
help reach short and long-term goals
Label the parts of the check
What is #2 on this check?
(a)
The date of your birthday
The date the check was stolen
Which number shows the signature?
(a)
3
7
When you sign your name you do so using __________________________________________.
(a)
Checks are ways to take money out of your ________________ account.
(a)
Savings
Lunch
The amount of the check is written twice; in digits and in
(a)
numbers
Which number shows Mr. Garcia's address?
#8
#6
#1
#10
Which number on the check gives you a space to make a note about what the check was used for?
#7
#4
#2
#3
Number 9 represents which of the following
Number of your bank account
Number of the check
How much money the check is for
Who you are paying the money too
a (a) examines financial records to ensure accuracy and compliance
Economist
Trader
Loan Officer
Which job helps provides customer service and processes financial transactions in a bank?
Branch Manager
Bank Teller
Investment Banker
Risk Manager
The (a) oversees the operations of a bank branch in a specific town or location
Budget Analyst
Chief Compliance Officer
Personal Advisor
If you hire a (a) they will help provide personalized financial advice to individuals
Financial Planner
Insurance Agent
Economist
Match the job to the job descrition for the jobs in the Finance Career Cluster
Assesses budget proposals, monitors spending, and provides recommendations to ensure efficient allocation of resources within organizations
Budget Analyst
Facilitates corporate finance transactions such as mergers, acquisitions, and public offerings, advising clients on raising capital and strategic financial decisions
Investment Banker
Manages an organization's treasury functions, including cash management, investment strategies, and capital raising activities
Treasurer
Evaluates insurance applications, assesses risks, and determines coverage terms and premiums for insurance policies.
Underwriter
Manages financial records, prepares financial statements, and ensures compliance with tax laws and regulations for businesses, organizations, and individuals
Accountant
Which career cluster focuses on financial planning and money management?
Health Science
Education and Training
Finance
Ag, Food and Natural Resources
Put the following things into the correct section based off of what we have talked about in class
Entertainment
Luxury Items
Travel
Video Game Systems
Expensive cars
Expensive clothing
(a) are something that are not necessary to live, but can improve one’s quality of life. Wants are driven by emotional desire and are not necessary for survival.
(a) are things that are essential for a person's physical or psychological well-being, such as food, clothing, shelter, and water
Which two things does a budget compare?
Savings and interest
Income and expenses
Income and investments
Savings and weekly spending
Kylie plans on using the 50/30/20 rule for budgeting. How will she split her budget?
50% needs, 30% wants, 20% savings
50% budget, 30% needs, 20% wants
50% saving, 30% needs, 20% wants
$50 needs, $30 wants, $20 savings
Which of the following is the MOST financially responsible decision?
Kate sold her old bike helmet for $10 to a friend. She gave the $10 to her favorite charity.
Jared gets $50 for his birthday from his grandma. He spends $75 on XBox games.
Sue was paid $25 for helping her neighbor in the yard. She spent $20 on a t-shirt and $5 on ice cream at the mall.
Jerry earns $100 lifeguarding. He spent $5 on lunch and put the other $95 in the bank.
Match the four main types of budgets to their descriptions
divides your income into needs, wants and savings
50/30/20
Prioritizes savings by putting a set amount of money into your savings account before you pay your bills
Pay yourself first
Budget where every dollar is given a specific category and at the end of the month you have a balance of zero
Zero-balance
money is put into different categories and given specific amounts for that category. When that money is gone in that categorie you can no longer spend any more money in that category
Envelope Budget
Putting away money for future use or an emergencies
Investing
Saving
Budgeting
Credit
Automatically putting money away into savings before spending on anything else?
Fixed Expenses
Variable Expenses
Pay Yourself First
Cash Flow
Money that is earned through a job is called your
You get money for working a job???
Which of the following is NOT a successful budgeting strategy?
Keep some extra money in your budget for emergencies
Pay with a credit card if you have a hard time sticking to a budget
Think about which items are your most important needs
Revisit your budget regularly and make adjustments
Melissa wants to go to summer camp in July. The cost of the camp is $90. Below is Melissa's monthly budget.
How many months does Melissa need to save in order to have enough money to afford camp if the other items in her budget remain the same?
3 months
4 months
5 months
6 months
Match the following
Income
The money a person gets from a job or for performing a service
Savings
Money that is set aside for later use
Expenses
Items that use up one's income
Budget
A plan for tracking a person's income and expenses.
You have $225.25 left over after paying your bills at the end of July, and you spend $175.75 on a few of your wants like, new cloths, going out to eat and a weekend vacation trip, how much do you have left over?
(a)
Skyler and Elijah have $30. They want to buy a Sonic plush for $15 and a Sonic Lego set for $20.
Do they have enough money?
no, they will be -$5
no, they will be -$29
yes
There is Sonic Lego's????
If Jeremy spent $8.75 instead of $6.50 on snacks, how much could he save that week and still balance his budget?
$9.50
$14.00
$8.50
$9.75
