Personal Finance - 4th

a cause of spending

• purchase

• expense

• money

• income

a plan for using money

• savings

• income

• budget

• plan

money that comes from working, a business, or owning property

• income

• money

• savings

• value

expenses that stay the same each month and are paid on a regular basis

• variable expenses

• savings

• income

• fixed expenses

the act of spending money for goods and services

• buying

• purchasing

• expenditure

• savings

expenses that change from month to month

• variable expenses

• budget

• necessity

• fixed expenses

the amount of money that you have saved especially in a bank over a period of time

• expense

• income

• savings

• money

People work to earn or receive money. What is this money called?

(a)  

When goods and services are bought using income, the good or services being bought are called what?

(a)  

It is important to be responsible with money and make sure good choices.

True or False

• True

• False