Money Management

I have been setting aside $100 a month for my children to have money to go to college. This idea is known as what? 

• savings 
• credit 
• income 
• debt 

What is investing?

• Spending money on anything you want

• Saving money constantly

• using money in hopes of gaining more in the future by lending to businesses in exchange for a share of profits

• Setting aside money for future use

What is saving?

• Amont of money used for purchasing items

• Setting aside money for future use

• Amount of money a worker earns

• Amount of money spent in a day

Every month after my parents pay all of the family’s bills they set aside a little bit of money for the family to do fun things like go to the movies, bowling and even go to amusement parks.
My family uses a _____________

• income 
• debt 
• interest 
• budget 

You find out that you are going to have to purchase your first car. You need to start using which of the following personal finance terms? 

• savings 
• budget 
• credit 
• you would need to use all 3 of these

What is income?

• Money earned by a worker in a year

• Money spent

• Money set aside for future use

• Using money in hopes of gaining more in the future

The bank agreed to loan me the money that I needed to start my new business. My ability to borrow this money is known as what? 

• interest 
• budget 
• debt 
• credit 

What is an expenditure?

• Money earned by a worker

• Money spent

• Benefits from a job

• Money saved

Joey was approved for a credit card and soon spent over $2000. What is the money owed called?

• Debit

• Savings

• Debt

• Bankruptcy

My cousin wanted to borrow $300 from me. I loaned him the money but I told him that he would have to pay me back $330. The money that was paid back to me on top of the loan is known as_________. 

• credit 
• interest 
• savings 
• debt