Personal Finance

When you buy something using credit, you only have to pay back the money that you borrowed.

• True

• False

Interest is a fee paid for using your own money.

• True

• False

Investing is how you make your money grow, or appreciate, to gain a financial return.

• True

• False

The process of projecting, organizing, monitoring, and controlling future income and expenses is known as personal finance.

• True

• False

A budget is a saving-spending plan that is based on how much money you can borrow from a bank.

• True

• False

A debit card is a form of money?

• True

• False

When you spend your income, you are trading your money in exchange for goods or services.

• True

• False

Your income provides you with the money that you can save or spend on whatever you want.

• True

• False

A credit is a form of income?

• True

• False

A check is a form of investing.

• True

• False