SS econ review

When people do a job or service for money, they are:

• saving money

• earning an income

• paying money

People spend money on: (choose all that work)

• their wants

• their dreams

• their needs

• their income

What is it called when people figure out how much money they have coming in and how much they have to spend money on?

• their income

• their budget

• their vacation

Why is it important to save money?

Choose ALL that might require you to use money you saved:

• an emergency

• a new home

• a large purchase

• going to the grocery store

• vacation

How can you save money?

Tell a good thing about saving money.

What is something not so good about saving money?

Money the bank pays you for keeping your money at their bank:

• profit

• savings

• interest