Budgets

Which of the following is an example of a need for most people?

• A place to live
• A nice car
• Designer jeans

It's important to spend money on things you need before spending money on things you want.

• True
• False

Which of the following is an example of a want for most people?

• A warm jacket
• Transportation
• Ice cream

What's the best way to know if you are getting a good deal on what you're buying?

• Return policy
• Compare prices
• Ask Friends

Food, heat, cable, internet, and dog food are examples of what?

• Household assets
• Household income
• Household expenses

Having enough money to cover all your expenses mean you have ____

• Debt
• Balanced Budget
• Uneven Budget

How is buying with credit different than paying with cash?

• With credit, you don't have to pay interest
• With credit, you borrow money and repay later, with interest
• No difference

Paying for something with cash can help you avoid spending more money than you have.

• True
• False

What is a good reason to save money?

• To have money to buy things
• To have money put aside for emergencies
• For a future purchase
• All choices

What two things does a budget compare?

• Income and Expenses
• Savings and Interest
• Income and Investments
• Expenses and Expenditures