Personal Finance

Which of the following BEST describes income?

• Money received from a parent to pay for ice cream at lunch.

• Money spent on a pair of new Nike Shoes.

• Money donated to a charity.

• Money received for completing your weekly chores.

Tags

CCSS.7.NS.A.1A

Which of the following is a benefit of having a personal savings plan?

• Personal savings plans let people spend more time doing activities they enjoy.

• People who save money are able to spend more money in the future and pay for unexpected expenses.

• People who save money are able to spend a lot of money right now.

• Personal savings plans help people have an unbalanced budget.

What is the difference between income and expense (expenditures)?

• An expenditure is money that is saved; an income is money that is spent

• An expenditure is money that is earned; an income is money that is received

• An income is money that is given to another person; an expenditure is money that is received by another person

• An income is money that is received; an expenditure is money that is spent

Tags

CCSS.6.NS.B.3

Which of the following is an expenditure?

• Buying an ice cream at lunch

• Selling an old game to a friend

• Getting paid for helping your neighbor

• Allowance from your parents

Tags

CCSS.7.NS.A.1A

What is income?

• The amount you spend

• The amount you don't save

• Money taken in

Tags

CCSS.5.NBT.A.3B

What is variable expense?

• The amount of money you spend

• The amount of money you save

• An expense that costs different amounts every month

• The variable in math

What does this represent?

• Spending money

• Spending pennies

• Saving money

• interest

Tags

CCSS.7.EE.B.3

What is this called?

• A Check

• A credit card

• A debit card

• Money Order

the work a person does

• labor
• income
• salary
• resources

money earned

• salary
• income
• purchase
• spend

Tags

CCSS.7.EE.B.3