Lesson 11: Smart Money Choices Flashcard

Front

Why is it important to save money?

Back

To have money for emergencies or future needs

Front

What is one benefit of saving money?

Back

You can buy things you want later

Front

What does it mean to invest money?

Back

To use money to try to make more money

Front

What is interest?

Back

Extra money you earn by keeping money in the bank

Front

Why do people put money in the bank?

Back

To keep it safe and earn interest

Front

Which of the following is a reason to save money? To buy something expensive in the future, To spend it all right now, To throw it away, To forget about it

Back

To buy something expensive in the future

Front

What is a benefit of putting money in the bank?

Back

It is safe and can grow with interest

Front

How can a business use money wisely?

Back

By investing in things that help the business grow

Front

What is the cost of something?

Back

The amount of money you pay for it

Front

Which is a wise way to invest money? Options: Spend it all on candy, Put it in a savings account to earn interest, Hide it in your room, Give it to a stranger

Back

Put it in a savings account to earn interest