Managing your Money

What is an income?

• When you spend money

• Something you can touch when you turn 65

• an account

• Money you have received/earnt

What is an expense?

• When you spend money on something you need or want

• Something you don't need

• A period of time you are at work

• An account

Putting money into a savings account and locking it for a period of time is known as…

• Savings Account

• Everyday Account

• Term Deposit

What is disposable Income?

• Money you have earnt

• Money you can spend after you have paid for your expenses.

• Money in your kiwisaver

Money that you can access at any time is also known as an …… account

• Free

• Everyday/Chequing

• Good

Name a bank in New Zealand?

Name a common household expense?

What is the most common way people can earn an income?

If you earn money for having money in a savings account it is known as….

• Interest

• Credit

• Income

• Expense

What is a transaction?

• When you get money from your job

• When you buy or sell something

• When you pay someone