Figuring out in advance how to spend_______ is a wise decision.
services
needs
money
goods
2) Choose the best answer.
A _____ helps us balance money we make and how much money we spend.
budget
credit card
calculator
computer
debit card
3) Choose the best answer.
_____ is money that has been earned and collected.
An expense
Income
A donation
A credit card
4) Select THREE ways a person may collect income.
A parent buys a movie ticket for their child.
An adult lets another family pay to rent his house.
A child donates clothes to a homeless shelter.
A teenager buys a new mobile phone.
A teenager mows yards or babysits for money.
A child sells the bicycle she has outgrown.
5) Choose the best answer.
To prepare a budget, a person compares all their ______.
needs and wants
income and expenses
expenses
income
6) Choose the best answer.
A(n) ______ is money spent to buy or do something.
credit card
expense
income
needs
want
7) Choose the best answer.
Which should be greater in a budget?
expenses
income
needs
wants
8) Choose the best answer.
_____ is money paid for the use of someone else's property.
Mortgage
Rent
Principal
Lender
9) Choose the best answer.
Which job earned Sarah $15?
Paper showing Sarah's budget
raking the neighbor's yard
babysitting
baking a cake
10) Choose the best answer.
What was the total expense of Sarah's book and mobile phone?
Paper showing Sarah's budget
$30
$75
$60
$15
$45
11) Choose the best answer.
Is Sarah's budget balanced?
Paper showing Sarah's budget
no
yes
cannot tell
12) Choose True or False.
Money earned working as a cook is called "income."
True
False
1 answer
Here are the best answers to your questions:
money
budget
Income
An adult lets another family pay to rent his house.
A teenager mows yards or babysits for money.
A child sells the bicycle she has outgrown.
income and expenses
expense
income
Rent
babysitting
$45
cannot tell
True
