A budget is a plan for
managing money.
Budgets can be made for an
individual person, a family,
a business, a government or
a country – they can be
made for anything or
anyone that makes and
spends money!
© Young Enterprise Trust 2015
The Smith family have been spending and
saving wisely so that they can do some fun
activities together during the school
holidays. They have created a budget for a
few different activities.
Today the Smith family Mum (Jane), Dad
(Matthew), Matilda (2 years old), Amy (6
years old) and Max (8 years old) are
visiting the Animal Theme Park. Their
budget is $80.00
Answer the following questions to help
the Smith family manage their activity
budgets.
Admission Costs
Food
Activities
Child under 3 years: free
Soft drink: $3.50
Train rides:
Child 3-15 years: $10.00
Small choc bar: 2.00
Children under 3 years: free
Extra child after 2nd paying child:
$8.50
Nuts: $2.50
Children 3+ and adults: $3.00
Adult: $13.00
Chips: $3.00
Face Painting: free for children
Family Pass: $39.00
(2 adults and 2 children)
Ice-cream (Plain): $3.00
Animal Feeding:
Ice-cream (Choc-top): $3.50
Children under 3 years: free
2 chips, 2 ice-creams:
$10.00
Children 3+ and adults: $1.00
1. Which is the cheapest option for the Smith family to pay for their admission to the theme park?
a) $46.00- 2 adult tickets and 2 child tickets (3-15 years)
b) $47.50 – Family pass plus extra child (after 2nd paying child)
c) $39.00 for a Family Pass (2 adults/2 children)
2. After paying their admission costs with the cheapest option, how much money does the Smith
family have left from their budget to spend on food and activities?
a) $41.00
b) $34.00
c) $32.50
© Young Enterprise Trust 2015
3. Amy’s friend Jessica is invited to join the family at the park. She is six years old and has saved $18
for her admission to the theme park, treats and activities. Which of the following options is within
her budget?
a) Admission to park, train ride, animal feeding, small choc bar and an choc-top ice-cream
b) Admission to park, train ride, animal feeding and a choc-top ice-cream
c) Admission to park, train ride, animal feeding, choc-top ice-cream, chips
4. Max has saved $10.00 to pay for his sisters and Jessica to do some activities. Which option is the
least expensive?
a) Train trips and animal feeding activities for Matilda, Amy and Jessica
b) Train trips for Matilda, Amy and Jessica
c) Two rides on the train for Matilda, Amy and Jessica
5. If the Smiths bought a Family pass plus a ticket for ‘Extra child after 2nd paying child: $8.50’ how
much would Jessica save on the cost on her ‘Child- 3-15 years $10.00’ admission?
a) $1.50
b) $3.00
c) $4.00
Doc ID: BF-002-1
© Young Enterprise Trust 2015