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Junior Cycle · Junior Cycle Business Studies

Junior Cycle Business Studies: Household budgeting

How often Household budgeting comes up on the Business Studies papers, every year it was asked, and questions to try.

CL Asked on 6 of the last 6 Common Level papers, most recently in 2026. banker

Household budgeting, Common Level(8 marks)

Quick ones on Household budgeting.

(a)In a household budget, how is net cash calculated?
  1. Opening cash plus closing cash
  2. Total income minus total expenditure
  3. Total expenditure minus opening cash
(b)Opening cash is €400 and net cash for the month is −€150. What is the closing cash?
  1. −€250
  2. €550
  3. €250
(c)The Byrnes' monthly income is €4,200 and their spending is €4,650. What is their net cash?
  1. −€450 (deficit)
  2. −€8,850 (deficit)
  3. €450 (surplus)
Show the answers

(a) Total income minus total expenditure

(b) €250

(c) −€450 (deficit)

Your turn: Common Level questions on Household budgeting.

Common Level

Asked on 6 of the last 6 Common Level papers, most recently in 2026. banker

Every paper, year by year

YearWhere it came up
2026Q18a
2025Q16b
2024Q18a, Q18b
2023Q1
2022Q13
2019Q1

Links open the State Examinations Commission’s paper for that year.

More Household budgeting questions

Household budgeting, 3 marks

A family budgeted €200 for electricity but actually spent €260. What is the difference?

  1. €60 under budget
  2. €460 over budget
  3. €60 over budget
Show the answer

€60 over budget

Difference = actual − budget = €260 − €200 = €60 more than planned. The family may need to cut energy use or budget more next time.

Household budgeting, 3 marks

A household has a deficit most months. Which is the most sensible action?

  1. Book a holiday on a credit card
  2. Cut discretionary spending
  3. Stop paying the mortgage
Show the answer

Cut discretionary spending

First cut optional spending, like takeaways and subscriptions, or find extra income. Missing essential bills like the mortgage causes bigger problems.

Other Business Studies topics

All of Junior Cycle Business Studies