Money Management

What is Money Management?

• Budgeting

• Saving

• Investing

• Spending

How do you budget your money?

• Go buy things that cost more than you earn

• Open a saving account

• Go buy things you don't need

• Buy stuff you need not want

How do you manage debt?

• Take out a loan to pay off debt

• Pay off the most expensive debt first

• Refuse to pay off your debt

• Create a budget

What should you take a loan out for?

• Buy a house

• Buy a car

• Open your own business

• All of the above

Why should you manage your budget?

• Have retirement money

• You shouldn't

• To buy a playground

• All of the above

What causes you to spend more than you make?

• Not budgeting

• Spending wisely

• Buying stuff you need

What is a student loan?

• Money borrowed from the government to pay for collage

• Money borrowed from a store to pay for collage

• Money borrowed to pay for your house

• All of the above

What should you buy if you only have $100.00?

• Go shopping for new clothes you need

• Buy food

• Buy books for school

• All of the above

Why is it good to have good credit history?

• It unlocks many things for you do do in life

• You can get a loan

• You can go to jail

• ou can buy a credit card and spend all the money

What benefits will you have if you manage your money?

• You will have retirement money

• You can pay off any debt you have

• You can buy things you want

• All of the above