Personal Finance

What is a budget?

• A type of savings account

• A way to invest for retirement

• A fund for emergencies

• A financial plan that defines expenses for a period of time.

What is an emergency fund?

• A savings account set aside for unexpected situations.

• A way to invest for retirement.

• Something most people don't need, because emergencies are rare.

• An investment account that can grow over time.

What is debt?

• Money you have borrowed and need to pay back

• Money you make from working at a job

• Money you make from the government

• Taxes that you pay when you buy something

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

What is income?

• The amount you spend

• The amount you don't save

• Money taken in

Tags

CCSS.5.NBT.A.3B

What is interest?

• money paid by other people

• money robbed by the bank

• money paid regularly by the bank on the account

• money paid by the U.S

What does this represent?

• Spending money

• Spending pennies

• Saving money

• interest

money earned

• salary
• income
• purchase
• spend

a person's knowledge and work skills

• credit
• resources
• human capital
• savings

What is the safest way to pay for an item to avoid debt?

• Cash
• Check
• Credit
• Debit

Which card takes the money out of your account immediately?

• Credit 
• Debit