Personal Finance

Bobby has bought a lot of stuff this week: two pairs of shoes, a flight to California, and four dozen doughnuts. He needs to cut back on his ___________.

• income

• investing

• expenses

• saving

Rupert works in a factory and earns $30 a day. He has several kids at home and not enough money to feed them. He needs to earn a higher ____________ if he wants to feed his family.

• opportunity cost

• income

• interest

• budget

Hidalgo is moving out of his parents' house for the first time. He now has new costs, including utility bills, rent, food, and gas. He has to plan carefully for all these new expenses so he doesn't spend his whole paycheck at once. He needs to make a ___________.

• Budget

• Loan

• Deposit

• Credit

If your credit score is good, banks are more willing to offer you a ___________ when you need to make a big purchase.

• debit

• tax

• finance

• loan

I don't have the money to buy this TV right now, but I will later this month. I'll just buy it on __________ using my ________ card.

• debit

• credit

• gift

• interest

Walter has a spending problem. He's been using his credit card like crazy, even though he has a low income each month. If he doesn't quit spending so much money, he could end up with a lot of _________.

• debit

• debt

• investments

• cash

If you aren't careful, _________ can really catch up with you and put you in debt. _________ is the fee added to the amount of money you borrow, like when you use a credit card or take out a loan.

• credit

• debit

• income

• interest

Money is good, and it's even better when it works for you. If you have the money to do it, you should be ____________ so your money can work for you. Smart ___________ can lead to profitable returns later on.

• spending

• saving

• investing

• cheating

Investing is when your money works for you. But it's also important to be ___________, which is when you set aside a little bit of money every week or month so you have a lot of money later on, in case of emergency or major cost.

• spending

• saving

• investing

• purchasing

Investing and saving = smart personal finance. But sometimes ______________ your money is more fun, especially if you want to eat a nice meal or take a trip. ___________ too much can put you in debt though.

• saving

• spending

• income

• crediting