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3.03 Personal budgets

Interactive practice questions

Here is Fiona’s weekly budget.

a

Fill in the blanks in the table.

Income Expenses
Wages $\$80.00$$80.00 Phone $\$8.50$$8.50
Umpiring $\$25.00$$25.00 Bus ticket $\$13.00$$13.00
    Entertainment $\$$$$\editable{}$
    Food $\$45.25$$45.25
Total $\$$$$\editable{}$ Total $\$91.15$$91.15
b

Fiona saves any money that she has not spent. How much does Fiona save each week?

Easy
3min

A weekly budget is shown in the table.

Easy
5min

Amelia earns a weekly salary of $723 and receives income from other sources of $126. Her weekly expenses are: rent $199, groceries $51, petrol $33, electricity $33, telephone $23, magazines $13 and clothes $62. Calculate:

Easy
3min
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Outcomes

1.1.1.4

prepare a personal budget for a given income, taking into account fixed and discretionary spending

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