Financially Responsible

Something you like to have such as toys.

• borrow

• saving

• needs

• wants

Something you have to have such as food or water.

• savings

• needs

• wants

• borrow

Not spending money because of a goal or reason.

• budget

• spending

• savings

• borrow

Something you make to help you spend or save money wisely

• finance

• budget

• withdrawal

• wants

Jack wants a new phone, but he needs a new notebook for class.  What should he do?

• Buy the notebook and put away money for the phone.
• Buy the phone and put away money for the notebook.
• Buy the notebook and tell Brennon to buy him the phone.
• Buy the phone and use Brennon's notebook for a while.

What is one way Ryland can earn money?

• He can open a lemonade stand.
• He can donate to a charity.
• He can read a book about jobs.
• He can volunteer at the library.

When making a budget, a person’s needs should come before their wants.

• True

• False

It is smart NOT to save monthly for a yearly vacation.

• False

• True

Of all the choices, which one should you budget for first?

• Groceries

• Entertainment

• Cell Phone Bill

• New Car

Which of the following could you do without to save money

• Food

• Bus ticket

• Donations

• Video games