Worksheet: Budgeting in Personal Finance (10th Grade Level)

Instructions: 1. Read each question carefully. 2. Use the given information to complete the calculations. 3. Write your answers in the spaces provided. 4. Show all your work for each calculation. 5. Double-check your answers before submitting the worksheet.

Question 1: Sarah earns $500 per month from her part-time job. She wants to save 20% of her income. Calculate the amount Sarah should save each month.

Monthly Income: $500 Savings Percentage: 20%

Amount to Save: _______

Question 2: John’s monthly expenses include $100 for rent, $50 for groceries, $30 for transportation, and $20 for entertainment. Calculate John’s total monthly expenses.

Rent: $100 Groceries: $50 Transportation: $30 Entertainment: $20

Total Monthly Expenses: _______

Question 3: Mary’s monthly income is $800. She spends 30% of her income on rent, 20% on groceries, 10% on transportation, and 15% on entertainment. Calculate the amount Mary spends on each category.

Monthly Income: $800 Rent Percentage: 30% Groceries Percentage: 20% Transportation Percentage: 10% Entertainment Percentage: 15%

Rent Expense: _____ Groceries Expense: _______ Transportation Expense: _______ Entertainment Expense: _________

Question 4: Tom’s monthly income is $1200. He wants to allocate 40% of his income for rent, 20% for groceries, 15% for transportation, and 10% for entertainment. Calculate the amount Tom should allocate for each category.

Monthly Income: $1200 Rent Percentage: 40% Groceries Percentage: 20% Transportation Percentage: 15% Entertainment Percentage: 10%

Rent Allocation: _____ Groceries Allocation: _______ Transportation Allocation: _______ Entertainment Allocation: _________

Question 5: Lisa’s monthly income is $1500. She wants to save 30% of her income and allocate the rest equally for rent, groceries, transportation, and entertainment. Calculate the amount Lisa should allocate for each category.

Monthly Income: $1500 Savings Percentage: 30%

Rent, Groceries, Transportation, and Entertainment Allocation: _______

Question 6: Mark’s monthly income is $2000. He wants to save 25% of his income and allocate the rest in a 40:30:20 ratio for rent, groceries, and transportation, respectively. Calculate the amount Mark should allocate for each category.

Monthly Income: $2000 Savings Percentage: 25% Rent and Groceries Ratio: 40:30 Transportation Ratio: 20

Rent Allocation: _____ Groceries Allocation: _______ Transportation Allocation: _______ Savings Allocation: _________

Note: Feel free to add or modify the questions based on the specific topics covered in your personal finance curriculum.