Grade 7 Cash Flow Worksheet
A worksheet for 7th graders to understand and calculate personal cash flow, including income and expenses.
Includes
Standards
Topics
Cash Flow Fundamentals
Name:
Date:
Score:
Read each question carefully and answer to the best of your ability. Show your work where applicable.
1. is the money you receive, often from a job or allowance.
2. are the things you spend money on, like food or entertainment.
3. Cash flow is calculated by subtracting your total from your total .
4. If your income is greater than your expenses, you have a cash flow.
5. If your expenses are greater than your income, you have a cash flow.
6. Which of the following is an example of income?
Buying a new video game
Earning money from babysitting
Paying for a movie ticket
Saving money in a piggy bank
7. Which of the following is an example of an expense?
Receiving a birthday gift
Selling old toys
Buying school supplies
Finding money on the street
8. Sarah earned $25 from walking dogs and $10 from doing chores. She spent $15 on a new book. What is Sarah's cash flow for the week?
9. David receives a $20 allowance each week. This week, he bought snacks for $5, a comic book for $7, and saved $8. What is David's cash flow for the week?
10. Emily earned $30 babysitting. She spent $12 on a gift for her friend and $10 at the arcade. What is Emily's cash flow?
11. A positive cash flow means you have more money coming in than going out.
True
False
12. Creating a budget can help you manage your cash flow.
True
False
13. List two ways a person can increase their positive cash flow.
14. Describe a situation where someone might have a negative cash flow and what they could do to improve it.