Budgets

Front

A budget is a plan for spending and saving money.

Back

True

Front

The goal of a budget is to SPEND less than you EARN.

Back

True

Front

The goal of a budget is to SPEND more than you SAVE.

Back

False

Front

Why is it important to keep a budget?

Back

Budgets make sure you do not spend more money than you can afford, help you save for large purchases, and show you how much money you get and spend.

Front

Which of the following best describes income? Money given to a charity that helps others. Money received for completing a chore or task. Money received from a parent to pay for lunch. Money spent on new clothes and shoes for school.

Back

Money received for completing a chore or task.

Front

You go to the movies

Back

Expense

Front

You get a present for friend’s birthday. Is it an Income or an Expense?

Back

Expense

Front

What is a budget?

Back

a plan for spending and saving money

Front

Which is good advice for saving and spending money? Options: Spend all of your allowance as soon as you earn it., Use a budget to plan how much money you can save., Try to buy things that you want before the things that you need., Buy things you use only once, and then throw them out.

Back

Use a budget to plan how much money you can save.

Front

A budget is a list of

Back

income and expenses