Unit 1 Personal Finance

Making money in exchange for work

• Benefit

• Cost

• Earn

• Save

• Spend

Money earned for working

• Benefit

• Cost

• Income

• Save

• Spend

Exchanging money for a good or service

• Benefit

• Cost

• Income

• Save

• Spend

Keeping money for something you want or need later

• Benefit

• Cost

• Income

• Save

• Spend

The thing you give up or lose when you make a choice to buy something

• Benefit

• Cost

• Earn

• Save

• Spend

The reward you get when you make a choice to buy something

• Benefit

• Cost

• Earn

• Save

• Spend

What is this an example of?  Exchanging money for candy?

• Spending

• Saving

What is this an example of?

Putting loose change in a box inside a closet?

• Spending

• Saving

What is this an example of? 

Exchanging money for raking leaves?

• Spending

• Saving

What is this an example of? 

Giving up free time to get money for babysitting to be able to buy a dress next month . . .

• Spending

• Saving