WorksheetsBudgeting
Total questions: 10
Worksheet time: 5mins
What is income?
Money you spend
Money you save
Money you earn
Money you borrow
Which of the following is a fixed expense?
Snacks
Gas
Rent
Movies
What is a budget?
A bank account
A spending plan
A credit card
A paycheck
Which expense usually changes from month to month?
Rent
Phone Bill
Food
Car insurance
What happens if your expenses are more than your income?
You save money
You break even
You go into debt
You earn more money
Which should be paid first each month?
Wants
Needs
Entertainment
Snacks
Which is an example of savings?
Buying shoes
Paying rent
Putting money in the bank
Buying fast food
Why is saving money important?
To buy games
For emergencies and future needs
To spend it later the same day
To avoid working
What is left over after income minus expenses?
Debt
Credit
Balance
Expense
Which is an example of a “want” instead of a “need”?
Rent
Electricity
Groceries
Video games
