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Money in the Real World: Answer Guide

Annotated Answer Guide

Exercise 4: How to Budget

  • 1. What is your income?
    1. The amount of money you have in the bank
    2. The amount of money you can spend on what you want
    3. Answer: The amount of money you make
    4. The amount of money you find in the couch
  • 2. What is the most important part of making a budget?
    1. Calculating your income
    2. Answer: Figuring out what bills you have to pay
    3. Dreaming about shopping
    4. Finding the right pen to write with
  • 3. If you can save $5 a week, how many weeks will it take to save $25?
    1. 10 weeks
    2. Answer: 5 weeks
    3. 2 weeks
    4. 1 week

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