Personal Finance

Money you earn through work

• Taxes

• Interest

• Income

• Credit Card

Which item could be classified as a NEED?

• Food

• A boat

• Movie ticket

• An xbox

A budget is... (select all that apply)

• Your credit card bill at the end of the month.

• An estimate of income/expenses (spending) for a set period of time.

• The price of your insurance for the year.

• A tool to help manage your money.

Why is creating a budget so important? (Select all that apply)

• It can help you reach your savings goals for what you want or need.

• It can help you make better financial decisions.

• It can help you see your spending habits so you can adjust them to what you want or need.

• It can help you keep track of your neighbor's financial habits.

• It can help you get a better job.

How does a credit card work?

• You load the card with your own money.

• It is unlimited and you don't have to pay it back.

• It is loaned/borrowed money you pay in one large bill at the end of each month.

What does the money in your savings account gain over time?

• Interest

• Internet

• Debt

• Nothing

A debit card is paid by or linked to your...

• Pet fish

• Savings account

• Budget

• Checking account

What must we remember when looking at a salary?

• Taxes will be taken out of that amount before you are paid

• It's unlimited

• That is the amount you are paid for a week of work

A bank account that earns interest and has no card attached.

• Checking Account

• Savings Account

• CD Account

• LR Account

A job taking a significant amount of time in a person's life

• Career

• Credit Score

• Budget

• Interest Rate