Mastering Personal Finance Concepts
Flashcard
•
Other
•
8th Grade
•
Practice Problem
•
Hard
Standards-aligned
Cynthia Reardon
FREE Resource
Student preview

19 questions
Show all answers
1.
FLASHCARD QUESTION
Front
budget
Back
A plan for how to spend and save your money
2.
FLASHCARD QUESTION
Front
What information can you find on a pay stub?
Back
Your net pay and deductions
3.
FLASHCARD QUESTION
Front
What is considered an expense in a personal budget? Options: Salary, Utilities bill, Deposit, Interest earned
Back
Utilities bill
4.
FLASHCARD QUESTION
Front
What is the main difference between a checking account and a savings account?
Back
Checking accounts are mainly for spending, savings accounts for saving
5.
FLASHCARD QUESTION
Front
If you want to avoid paying interest on a credit card, what should you do?
Back
Pay the full balance each month
6.
FLASHCARD QUESTION
Front
Which of the following is an example of income? Rent payment, Utility bill, Paycheck from a job, Grocery expense
Back
Paycheck from a job
7.
FLASHCARD QUESTION
Front
Principal (in finances)
Back
The original amount borrowed
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