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Budget Components Cloze Notes

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Budget Components Cloze Notes

Read the short scenario and complete each task. Use dollars and cents where needed. A budget is a plan—not a promise to spend every dollar.

Camila’s weekly money plan

Camila receives $15.00 for helping at home. She wants to save for a $24.00 basketball, buy a $3.50 snack, and keep some money for a school notebook. Her family says food and school supplies are needs; treats and games are wants.

1.Complete the sentence: A is a plan for how to use money. Money received, such as Camila’s $15.00, is . Money paid out is an .
2.Choose the items that are needs in Camila’s family’s plan.
  • A snack treat and a video game
  • Food and a school notebook
  • A basketball and candy
  • A game and a movie ticket
3.Match each example to the budget word that describes it.
  • The $15.00 Camila receives
  • The $3.50 snack she buys
  • Money set aside for the basketball
  • Expense
  • Savings
  • Income

Budget category

Amount

Basketball savings

$6.00

Snack

$3.50

Notebook

$2.25

4.Using the budget table, how much will Camila spend or save altogether on the basketball, snack, and notebook?
5.Camila has $15.00. After following the plan in the table, how much money is left over? Show a subtraction equation.
6.True or false: If Camila’s expenses and savings add up to more than her $15.00 income, she should adjust her plan.
TrueFalse
7.Camila’s basketball costs $24.00. If she saves $6.00 each week and does not spend any of that savings, how many weeks will it take to reach $24.00?
8.Camila has $3.25 left after her plan. She sees a game that costs $5.00. What is one sensible way she could work toward buying it?
9.Explain one way keeping a record of purchases can help Camila make a budget that works.

2 printable pages

  • Budget Components Cloze Notes, page 1 of 2: Camila’s weekly money plan

    Page 1

  • Budget Components Cloze Notes, page 2 of 2: 4. Using the budget table, how much will Camila spend or save altogether on the…

    Page 2

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