Budgets

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

• A place to live

• A nice car

• Designer jeans

• a TV

Money that you spend is called a(n)___.

• expense

• income

• debt

• profit

Money that your earn is called a(n)____.

• expense

• income

• debit

• credit

Tags

CCSS.6.NS.C.5

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

• True
• False

Tags

CCSS.RL.11-12.2

CCSS.RL.9-10.2

CCSS.RL.8.1

CCSS.RI.8.2

CCSS.RI.7.2

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

• Debt

• Balanced Budget

• Uneven Budget

What is a need?

• Something we need in order to survive.
• Something fun.
• Something we earn.
• Something automatically given to you.

Tags

CCSS.RL.4.3

CCSS.RL.2.1

CCSS.RL.5.3

CCSS.RL.6.3

CCSS.RL.1.3

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

• A warm jacket

• Transportation

• Ice cream

• Somewhere to live

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

• Review stars

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 of the above choices

Something thought to be an essential item required for life (food, water, etc.)

• surplus

• want

• need

• deficit