Personal Finance

Personal Finance

Assessment

Flashcard

Other

6th - 8th Grade

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

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27 questions

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1.

FLASHCARD QUESTION

Front

What is the advantage to spending less money than is earned?

Back

You will save money for future purposes.

2.

FLASHCARD QUESTION

Front

What is considered a disposable income?

Back

Income remaining after deduction of taxes and other necessary expenses and savings

3.

FLASHCARD QUESTION

Front

A fixed regular payment, typically paid on a monthly or biweekly basis but often expressed as an annual sum, made by an employer to an employee_______________.

Back

salary

4.

FLASHCARD QUESTION

Front

What does one need to do to have a balanced budget?

Back

Spend less than they earn

5.

FLASHCARD QUESTION

Front

Which statement BEST describes Bill’s budget?

Media Image

Back

Bill has a balanced budget because he is spending less than he is earning.

6.

FLASHCARD QUESTION

Front

A sum of money that must be repaid in full plus interest in a specific period of time is called a ___________________.

Back

loan

7.

FLASHCARD QUESTION

Front

What is a house payment?

Back

mortgage

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