Saving and Spending pgs. 267-268 (day 3)

If I don't have enough money saved to pay for something, I can borrow from a person or a bank.

• True
• False

When banks lend money, the money is called a ______.

• savings plan
• borrower
• loan
• interest

Is a loan a gift?

• Yes
• No
• Maybe

The bank can pay you interest and you can pay the bank interest as well.

• Yes
• No

Your ________ is the money you earn.

• budget
• loan
• credit card
• income

_________are money or goods you give to charities, or groups that help others.

• Donations
• Loans
• Savings plan
• Banks

Can some people have fundraisers to raise money to give to charity?

• yes
• no

A budget helps you _________.

• keep track of your money
• keep all your friends names
• keep track of all your school work
• make more income

According to page 268, how many weeks does it take Sue to have enough money to buy everything she wants?

• two weeks
• five weeks
• four weeks
• she is not able to save enough

Do communities have budgets also?

• Yes
• No
• Maybe