SS8E3 Personal Money Management

Front

What is an expenditure?

Back

Money spent

Front

What is income?

Back

Money earned by a worker in a year

Front

What is investing?

Back

using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits

Front

What is saving?

Back

Setting aside money for future use

Front

My family uses a _____________

Back

budget

Front

You need to start using which of the following personal finance terms? savings, budget, credit

Back

you would need to use all 3 of these

Front

I have been setting aside $100 a month for my children to have money to go to college. This idea is known as what?

Back

savings

Front

You earn $300 a week and you are able to save half of that each week. You are saving money to go on a trip with your friends after you graduate high school. The trip is going to cost $1,350. How many weeks will you have to work to save enough money to go on the trip?

Back

9 weeks

Front

Which of the following is not true about the difference between credit cards and debit cards? purchases made with a debit card come directly out of your bank account, you must pay off your credit card bill monthly or there will be penalties , you must have a bank/checking account to use a debit card , credit cards use money from your savings account

Back

credit cards use money from your savings account

Front

My ability to borrow money from the bank is known as what? Options: interest, budget, debt, credit

Back

credit