Simple Budgeting Exercises 💰
Name: _______________________________
Date: _______________________________
Scenario 1: Weekly Pocket Money
Sam receives $15 pocket money each week. Help Sam create a budget for the week.
| Item | Amount ($) |
|---|---|
| Income (pocket money) | $15.00 |
| Savings | __________ |
| Snacks/treats | __________ |
| Entertainment (games, movies) | __________ |
| Other: ________________ | __________ |
| TOTAL EXPENSES | __________ |
Balance Check: Income − Total Expenses = __________
Scenario 2: Monthly Allowance
Jordan earns $60 per month from doing chores. Jordan wants to save for a new skateboard that costs $180.
| Item | Amount ($) |
|---|---|
| Income (monthly allowance) | $60.00 |
| Savings for skateboard | __________ |
| Mobile phone credit | __________ |
| Lunches/snacks | __________ |
| Birthday gifts for friends | __________ |
| TOTAL EXPENSES | __________ |
Balance Check: Income − Total Expenses = __________
How many months will it take Jordan to save for the skateboard? __________
Scenario 3: Your Own Budget
Create your own weekly budget using $20 income. Make sure your budget balances!
| Item | Amount ($) |
|---|---|
| Income | $20.00 |
| ______________________ | __________ |
| ______________________ | __________ |
| ______________________ | __________ |
| ______________________ | __________ |
| TOTAL EXPENSES | __________ |