Economics

A budget it a helpful tool.

• True

• False

When you want something you should ALWAYS get it.

• True

• False

Money that you earn (“Money In”)

• payment

• expenses

• income

• budget

money that you spend or give away (“Money Out”)

• income

• savings

• overspending

• expenses

money that you put away or put in the bank to use later; a plan for buying future wants or needs

• income

• savings

• insurance

• expenses

Building where people keep their money

• bank

• needs

• statement

money you earn from a job

• bills

• paycheck

• budget

letter you get in the mail from the bank telling you how much money you have

• budget

• statement

• allowance

money you owe to someone else

• bills

• wants

• bank

things you would like to have but could live without

• needs

• wants

• bank