Income and Expense

You mow neighbor’s lawn

• Income

• Expense

Savings is...

• Money you have spent.

• Your allowance.

• All the money you have saved.

• Using coupons.

Mia wants a new phone, but she needs a new notebook for class. What should she do?

• Buy the notebook and put away money for the phone.

• Buy the phone and put away money for the notebook.

• Buy the notebook and tell Moby to buy her the phone.

• Buy the phone and use Moby's notebook for a while.

A store sells you a new book for $8.00. A used bookstore sells it for $5.00. How much would you save if you bought the used book?

• $8.00

• $6.00

• $4.00

• $3.00

I had to give up going out to dinner in order to buy a new shirt. This is an example of

• opportunity cost

• price incentive

• specialization

• poor planning

A budget is a list of

• income and expenditures

• things to buy

• how much to save

• needs and wants

How could John have more money to save?

• The second link is where you type the answer.

• Nothing!

How much money would John have if he did not spend it?

• Like the other one about john.

• Good.