Personal Finance

What do people earn for doing a job?

• praise

• goods

• candy

• money

What is the money you receive from working called?

• income

• goods

• supplies

• taxes

What do people use income for?

• to pay for supplies

• goods and services

• taxes

• budget

Why do people earn money?

• to go places

• to work

• to meet basic needs

• to buy what they want

House payments are one example of ________ _______.

• saving money

• donating money

• borrowing money

• spending money

The article says “after we spend money to meet our needs, we can __________.”

• buy things we want

• give things to other people

• pay utilities and rent

• hide it under our bed

Why do people save money?

• to buy things they want later

• to give it away to other people

• to sell things they don't need

• to have a big bank account

Saving is putting some ________ aside each time you are paid.

• time

• energy

• money

• candy

Where do many people put the money they save?

• under their beds

• in their closets

• in their pockets

• in a bank

1. What do we call a plan for how to use our money?

• savings

• spending

• a budget

• an outline