Spending, Saving, and Earning

What can you use to spend your money in your checking account?

• credit card

• business card

• gift card

• gift card

Answer explanation

Credit Card is to help build credit. A gift card is to a specific store or have a certin amount of money

Stephanie made a chart to record her income and expenses.   Does Stephanie have a balanced budget? Explain your answer.

Explain the role of a bank.

Mary wants to earn some money, so she decides to babysit for her neighbor. She earns 10 dollars. She decides to spend 6 dollars on a new shirt she saw at Target. She will keep the rest for later. How much does Mary have left and what is she doing with her money?

• 4 dollars; savings

• 5 dollars; donating

• 3 dollars; savings

• 6 dollars; donating

A __________________ is a plan that shows your income, expenses,     donations, and savings. What is this called?

• business plan

• budget

• deposit plan

• interest and loans