um1: Budgeting & spending

If you have a budget, you have____.

• Money for nicer things

• Lots of money to spend

• A plan for using your money over a set period of time

• A good idea of how much money you'll make

Why is saving money important?

• Saving money is important for spending.

• It's important to show off how much money you have.

• It's important to fill your money jar.

• Saving money can help you meet goals.

Keeping track of what you earn, spend, and save are the key parts of a ____.

• pocket money.

• budget.

• paycheck.

• investment strategy.

What kind of information should you find when you want to research buying something?

• positive information

• Questionable information

• Reliable information

• Negative information

Which of these is NOT true?

• It's harder to keep track of your expenses when you make a budget.

• A budget helps you plan to use your money for things you need.

• Tracking your expenses can help you meet your budget.

• A budget helps you plan to use your money for things you want.

1. Tracking your spending can help you _____.

• Spend more money

• Make good deecisions

• know where your money is being spent

• spend less money

Which of these are NOT true

• Tracking your expenses can help you meet your budget

• It's harder to keep track of your expenses when you make a budget

• A budget helps you plan how to use your money for things you need

• A budget helps you plan to use money for things you want

Buying a cheaper product sometimes can help you ____.

• Create a budget

• Reach a savings goal

• Afford an opportunity cost

• Track spending

Which is a reliable source of information when trying to research something you will buy?

• Friends

• Advertisements

• Expert reviews

• social media

When you want to buy something, which kind of information may not give you the best information?

• Reliable information

• Expert reviews

• Trustworthy information

• Product advertisements