Grade 9 Budget Planning Worksheet
A financial literacy worksheet for Grade 9 students focusing on budget planning, income, expenses, and savings.
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Grade 9 Budget Planning Worksheet
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Read each question carefully and answer to the best of your ability. Show all your work for calculations.
1. A is a plan for how you will spend and save your money.
2. Money you earn or receive is called .
3. Money you spend on goods and services is called .
4. expenses are costs that stay the same each month, like rent.
5. expenses are costs that change from month to month, like groceries.
1. Which of the following is an example of income?
Electric bill
Paycheck from a part-time job
Monthly bus pass
New pair of shoes
2. Which of the following is most likely a fixed expense?
Dinner at a restaurant
Cost of gasoline
Monthly subscription to a streaming service
New video game purchase
1. Sarah earns $300 per month from her part-time job. Her expenses are: $50 for bus fare, $80 for entertainment, and $70 for savings. Calculate her total monthly expenses and her remaining balance.
2. David wants to save $500 for a new bicycle. He can save $50 each month. How many months will it take him to save enough money?
1. It is important to spend all your income every month to avoid losing money.
True
False
2. Saving money helps you prepare for future goals and unexpected emergencies.
True
False
Imagine you receive $100 as a gift. Describe how you would create a budget for this money, considering both spending and saving. Include at least two specific items you would spend on and one amount you would save.