Personal Finance Review

What is an example of an expenditure?

• Jaylen spent money on ice cream

• Soliana saved money for something special

• Galindo earned money for doing chores

• Fernando went to a movie with a friend

What is an example of an income?

• Diego bought a video game

• Litzy earned money for babysitting

• Sevenmoon played at recess

• Mateo saved money to buy a skateboard

What should Bella use to help her plan her budget?

• How many netflix shows she watches

• How many books she reads

• How much ice cream she buys

• How much she hangs out with friends

What is income?

• money that you give away

• money that is saved

• money that is spent

• money that is earned

What is an expenditure?

• money that is earned

• money that is spent

• money given to others

• money that is saved

What is a responsible money decision?

• Chase got $50. He spent $75 on games

• Victor sold his skateboard then gave away the money

• Gracia earned $100 working. She spent $5 on lunch and saved the rest.

• Andres earned $25 and spent all of it at the mall.

What is an example of an expenditure ?

• allowance from your parents

• buying a treat

• getting paid from a neighbor

• winning the lottery

What is opportunity cost?

• what you give up to get something else

• a bad grade

• spending money

• earning money