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Making a Budget
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by Heidi Wozniacki
| 11 Questions
Learning Target: I can explain the difference between an income and an expense and give examples.

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Income: "money received, especially on a regular basis, for work or through investments."

Expense: "the cost required for something; the money spent on something."
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1
1 pt
Getting $15 for moving the neighbor's lawn.
Income
Expense
2
1 pt
Going to the movies and purchasing a ticket for $10.
Income
Expense
3
1 pt
Buying school lunch for $3.50 in the cafeteria.
Income
Expense
4
1 pt
Getting your weekly $10 allowance.
Income
Expense
5
1 pt
Deciding to get the new video game for $20
Income
Expense
6
1 pt
Selling your old video game for $15
Income
Expense
7
3 pts
Think of 3 additional ways to get income.
8
3 pts
Think of 3 additional expenses you may have.
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Learning Target: I can calculate how much money I would need to save and for how long to purchase items that I want.

Click the link to answer a quick survey: https://www.menti.com/


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9
15 pts
Fill out the attached “Saving my money sheet” to see how much money you would need to save to buy the various things you may want to purchase.
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Learning Target: I can
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10
7 pts
Figure out your monthly income from your allowance/job based on a 4 week month. Find out how much money you have after the expenses that you had on your cards. You can choose to spend any remaining money on the additional expenses or you can save all or part of the remaining money.
11
1 pt
Why is it important to create a budget?
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