SS Weekly Week 26 Assessment

Read the passage.

A budget can help you allocate money for spending and saving. When you create a plan for spending and saving, you can meet your goal of buying a new game.

Which word helps the reader understand the meaning of the word budget?

• money

• spending

• saving

• plan

Sasha is earning money for a new bike. She received $50 for helping a neighbor. What is the best plan to help her meet her goal?

• Give the money back

• Buy new shoes worth $50.

• Spend $30 on candy and $20 at the movies.

• Purchase new tools for the next job and save the rest.

A budget should include __________.

• Donating all income.

• Purchasing wants first.

• Spending and saving money.

• Putting all money into savings.

Read the passage.

Jacob’s mom said she still owes money for their car. It cost more money than she had saved.

What is the meaning of the word owes?

• the total cost of the car

• money made driving the car

• taxes paid to the government

• how much more must be paid

How does Claire spend most of her money?

• charity

• clothing

• food

• savings

Study the budget. How much money will Claire have saved after three months?

• $20

• $30

• $60

• $80

What is the first thing to write down when you are creating a budget?

• how much money you don't want

• how much money you give away

• how much money you have to budget

• how much money someone has

What is an income?

• money you receive

• money you owe

• money on a table

• money you spend

After paying for the important things, what can you allocate money for?

• your electricity bill

• other things you need

• other things you hate

• other things you want

If we don’t have money, what can we have a budget for?

• our time

• our chores

• our savings

• from 1:00 om to 6:00 pm