Money Matters

Which of the following is a NEED?

• Play Station

• Concert Tickets

• Housing

• BMW

You NEVER have to pay off credit cards

• True

• False

Savings is money you set aside

• True

• False

What is the BEST way to track your spending?

• Check your bank account every 3 months

• Create a budget

• Rely on your parents to track it for you

• Don't track anything

You should always spend more than you earn

• True

• False

What do you save money for?

• Emergencies

• College Tuition

• Large Purchases

• All of the above

Which of these is an irresponsible spending habit?

• Paying bills on time

• Spending more than you earn

• Buying food and water

• Paying rent

Which of the following are EARNINGS?

• Salary

• Allowance

• Interest from Savings

• All of the above

Which factor is likely to cause an increase in people's savings?

• A. an increase in tax rates

• B an increase in the interest rate

• C. a reduction in economic uncertainty

• D. a reduction in real wages

Jack wants a new phone, but he needs a new notebook for class.  What should he do?

• Buy the notebook and put away money for the phone.
• Buy the phone and put away money for the notebook.
• Buy the notebook and tell Brennon to buy him the phone.
• Buy the phone and use Brennon's notebook for a while.