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Budgeting basics for teens

This resource helps 10th-grade students practice basic budgeting skills by answering multiple-choice and fill-in-the-blank questions about income, expenses, and saving goals. Students learn to identify expense categories and sequence the steps to build a simple budget.

By Edform · Economics and personal finance · Grade 10 · Published Oct 15, 2026 · New

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Questions

  1. Which of the following is the main purpose of creating a budget?
  2. Which of the following are considered expenses in a personal budget? Select all that apply.
  3. Put the steps of building a simple budget in the correct order.
  4. Fill in the blank: If your total monthly income is $500 and your total monthly expenses are $450, your budget shows a ______ of $50.
  5. Sort the following items into the correct categories: Income or Expense.

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