Financial Literacy/Chapter 10/Pages 293-295

You can't live without them.

• Needs

• Wants

• Expenses

Something you can live without.

• Wants

• Needs

• Expenses

Things you plan to spend your money on during a set period of time.

• Expenses

• Needs

• Wants

Money you have, or plan to have, during a period of time.

• Income

• Budget

• Expenses

A plan for saving and spending money.

• budget

• income

• expense

Money you are paid for keeping your money in an account.

• Interest

• Budget

• Income

When a person wants to buy something, especially something expensive, they must make a _______ decision.

• cost-benefit

• consumer

• reasonable

It is wise to have a _______ account in a bank.

• savings

• checking

• expense

A plan for spending and saving money.

• budget

• savings

• bank account

A budget makes saving money _____.

• easier

• more difficult

• wise