Grade 8 Cash Flow Worksheet
Understand and analyze cash flow statements, including income, expenses, and net cash flow, for personal finance at a Grade 8 level.
Includes
Standards
Topics
Cash Flow Fundamentals
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Read each question carefully and answer to the best of your ability. Show all your work for calculations.
Cash flow is the movement of money into or out of a business, project, or individual's bank account. It helps you understand where your money is coming from (income) and where it is going (expenses).
1. Money coming into your account is called .
2. Money going out of your account is called .
3. If your income is greater than your expenses, you have a positive .
4. If your expenses are greater than your income, you have a negative .
1. Which of the following is an example of income?
Buying a new video game
Paying for electricity
Earning money from a part-time job
Paying rent
2. What does a 'net cash flow' of -$50 mean?
You earned $50 more than you spent.
You spent $50 more than you earned.
Your total income was $50.
Your total expenses were $50.
Sarah earned $250 from babysitting this month. She spent $75 on new clothes and $30 on snacks. Calculate her net cash flow for the month.
1. A positive cash flow means you are spending more money than you are earning.
True
False
2. Tracking your cash flow can help you make better financial decisions.
True
False
Why is understanding your cash flow important for creating a personal budget?