Personal Finance Try Quiz

the work a person does

• labor
• income
• salary
• resources

money earned

• salary
• income
• purchase
• spend

paying for something with money that is borrowed and must be paid back, usually with interest

• credit
• income
• resources
• salary

to give your money to a charity or worthy cause

• loan
• donate
• tax
• spending goal

Tags

CCSS.L.11-12.6

CCSS.L.8.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.8.2D

What is personal finance?

•  a budget
•  income and expenses
•  savings account
• all of the above

What is a budget?

• a plan for balancing your income and spending
• money earned
• something you need in order to survive
• something you do not need in order to survive

What is income?

• a resource necessary to survive
• a balance of your income and spending
• money earned

What are services?

• money earned
• forms of work people do for others
• products people buy and sell

What is an expense?

• resources not necessary to survive
• resources necessary to survive
• money used on needs and wants

What is a need?

• any resource unnecessary to survive
• any resource necessary to survive
• a plan for balancing income and expenses