Budgeting Vocab Chapter 1-3

Phillip has a job and has to make a monthly budget. What is a budget?

• A plan for spending and saving.

• A discount

• A receipt

Andrew gets a job and opens a checking account. What is a checking account?

• Extra money given for good service

• An account that lets a person deposit or spend money

Arey deposits money into her account. Is she

• Taking money OUT

• Putting money IN

Jazmine decides to withdraw money. She is

• Taking money OUT

• Putting money IN

Which shows a receipt for Destiny's groceries?

• 
• 

Lizzie found some jeans on sale. This means that the jeans are sold at a

• higher price

• lower price

Leo buys a new video game and has to pay the sales tax. What is a sales tax?

• A tax added to the price of the game

• A tax that lowers the price of the game

Diego uses a __________ card to borrow money to buy something on credit.

• credit

• debit

• birthday

There is a discount on the superhero costume that Danny wants to buy. This means the costume is

• a higher price

• a lower price

Kendall finally buys a Bugatti. Is Kendall's monthly car payment a

• fixed expense (stays the same)

• variable expense (it changes)