Personal Spending

A budget is a plan for spending and saving money.

• True

• False

The goal of a budget is to SAVE more than you SPEND.

• True

• False

Which of the following would be an expense (bill)?

• Light/Electricity

• Phone Bill

• A New Bike

• Tickets to Wild Adventures

Which of the following would be an want?

• Light/Electricity

• Phone Bill

• A New Bike

• Tickets to Wild Adventures

Which is these is important to remember about money?

• Money cannot be earned.

• We can spend as much money as we want.

• We have to make good choices about how we spend money.

• Money should not be saved.

Which is a good way to use money?

• Sharing it with people in need

• Spending money on wants than needs

• spending more of it than you have

• Spending all your money

How can you earn money?

• Ask others to give you money

• Have a job or get an allowance

• Buy a gift for someone else

• save it for a new bike

The price you pay to buy things are called __________.

• savings

• Gifts

• Allowance

• Cost

A new puppy is an example of an item that cost ______

• TIme, But not money

• time and money

• money, but not time

• Neither time nor money

How can saving money be helpful?

• you will be unprepared in an emergency

• you will have too much money

• you will be able to borrow money

• you can be prepared in an emergency