MathematicsFreePrintable

Personal Finance Budget Basics

A free mathematics worksheet ready for your classroom. Open in Kuraplan to grab the print-ready PDF, customize it for your students, or generate a fresh version in seconds.

Personal Finance Budget Basics worksheet preview

Personal Finance Budget Basics

Budget and calculator illustration

💰 Part 1: Budget Knowledge Check

1. What is the first step in creating a monthly budget?

List all your expenses

Calculate your total monthly income

Decide how much to save

Pay all your bills first

2. Which of these are considered fixed expenses? (Check all that apply)

Rent or mortgage payment

Groceries

Car insurance

Entertainment

3. A good rule of thumb is to save ________ of your monthly income.

5%

10-20%

30%

50%

4. What does it mean when your budget shows a negative number at the bottom?

📊 Part 2: Create Your Budget

5. Alex earns $2,400 per month. Help Alex create a budget using the expenses below:

Monthly Income: $2,400

Fixed Expenses:

• Rent: $800 • Car payment: $250 • Insurance: $150 • Phone: $80

Total Fixed Expenses: $ ____________

Variable Expenses:

• Groceries: $300 • Gas: $120 • Utilities: $100 • Entertainment: $200

Total Variable Expenses: $ ____________

Budget Calculation:

Monthly Income: $ ____________

Total Expenses: $ ____________

Money Left Over: $ ____________

6. Based on Alex's budget, how much could Alex save each month if they wanted to save 15% of their income?

🤔 Part 3: Smart Money Decisions

7. Alex wants to buy a new gaming console for $500, but also wants to start an emergency fund. What advice would you give Alex?
8. List three strategies Alex could use to increase the amount of money available for savings:

Strategy 1: ________________________________________________

Strategy 2: ________________________________________________

Strategy 3: ________________________________________________

9. Explain the difference between a "need" and a "want" and give one example of each from Alex's budget:

About This Worksheet

Free in Kuraplan

Sign up free, grab the PDF, and customize it for your class.

Print-Ready

Formatted for standard paper. Clean layout, easy to read.

AI-Generated

Created with Kuraplan's AI, designed for real classroom use.

For Teachers & Parents

Use in classrooms, for homework, tutoring, or homeschool.

Need a custom version of this worksheet?

Kuraplan's AI generates custom worksheets in seconds — differentiated for every learner, aligned to your curriculum.

Generate Custom Worksheets — Free
No credit card Curriculum-aligned Under 60 seconds