1) Money you earn is called? a) income b) expense c) savings d) balance 2) Money you spend is called? a) balance b) savings c) expenses d) banking 3) Money set aside for the future is? a) balance b) savings c) expenses d) chequing 4) Balancing you budget means? a) I'm rich b) I have no money c) borrowing from the bank d) making your expenses equal to income 5) Biweekly income is? a) Income earned twice a week b) Income earned every other week c) Income earned every day d) Income that is spent by the end of the week 6) What does a budget allow you to do? a) organize and control your finances b) Restrict your heart's desires c) Prevent you from buying pizza d) Eat as much pizza as you want 7) How do you create a budget? a) an estimate of income and expenses for a period of time b) a savings account c) a type of checking account d) a type of bird 8) A budget will help me save for a goal that I have? a) Maybe b) Yes c) Nah d) The world may never know 9) Another word for budget is? a) Financial Plan b) Spending Plan c) Fixed Income d) All of the above 10) True or False: You should start saving now, a) False b) True

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