Social Studies Unit One: Personal Finance

Front

Which of the following is a fixed expense in a monthly budget? Groceries, Rent, Entertainment, Clothing

Back

Rent

Tags

DOK Level 2: Skill/Concept

Front

If you save $10 every week, how much will you have saved after 4 weeks?

Back

$40

Tags

DOK Level 2: Skill/Concept

Front

Why is it important to have a budget?

Back

To track and manage your income and expenses

Tags

DOK Level 2: Skill/Concept

Front

Back

8 months

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DOK Level 3: Strategic Thinking

Front

Which of the following is a strategy to manage unexpected expenses? Ignore them, Use a credit card without a plan, Have an emergency fund, Borrow from friends

Back

Have an emergency fund

Tags

DOK Level 2: Skill/Concept

Front

Back

$50

Tags

DOK Level 2: Skill/Concept

Front

Back

$30

Tags

DOK Level 3: Strategic Thinking

Front

What is the benefit of setting a savings goal?

Back

It provides a clear target to work towards.

Tags

DOK Level 2: Skill/Concept

Front

Back

$150

Tags

DOK Level 3: Strategic Thinking

Front

Which of the following is a variable expense? Mortgage payment, Utility bills, Car insurance, Internet subscription

Back

Utility bills

Tags

DOK Level 2: Skill/Concept