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  • Teen Income and Expenses Worksheet 1

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    The document is a series of questions about income, expenses, and budgeting. It asks the reader to define income, identify examples of expenses, determine if statements about cash flow and budgets are true or false, and suggest ways to increase income and reverse negative cash flow situations. The questions assess understanding of basic financial concepts like income, expenses, cash flow, and budgeting.

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    The document is a series of questions about income, expenses, and budgeting. It asks the reader to define income, identify examples of expenses, determine if statements about cash flow and budgets are true or false, and suggest ways to increase income and reverse negative cash flow situations. The questions assess understanding of basic financial concepts like income, expenses, cash flow, and budgeting.

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    64 views1 page

    Teen Income and Expenses Worksheet 1

    Uploaded by

    api-663760583
    The document is a series of questions about income, expenses, and budgeting. It asks the reader to define income, identify examples of expenses, determine if statements about cash flow and budgets are true or false, and suggest ways to increase income and reverse negative cash flow situations. The questions assess understanding of basic financial concepts like income, expenses, cash flow, and budgeting.

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    © All Rights Reserved
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    of 1

    Income and Expenses banzai.

    org

    income and expenses


    Login to Banzai, click Banzai Teen, and scroll down to the library
    section. Read the Planning for Expenses article and use it to answer
    the questions below.

    1. This article uses the word “income” but doesn’t define it. What do you think it means?

    2. What is NOT an example of an expense?


    A. Phone bill
    B. A gift your grandmother gave you
    C. Rent
    D. A sandwich you bought for lunch
    E. None of the above

    3. If you spend more than you have, your cash flow will be positive.

    A. True B. False

    4. Will your budget always be the same?

    A. Yes, a good budget never changes.


    B. No. Income and expenses change, so your budget changes, too.
    C. Neither A nor B

    5. If you’re headed toward a negative cash flow, what are the two ways to reverse
    your situation?

    6. In your opinion, what are two ways you can increase your own income?

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