JA FINANCE - Read pp 69-77 Saving and Investing

What is the definition of a "need" according to the lesson?

• Goods and services that people cannot survive without

• Goods and services desired to make a person more comfortable

• Goods and services that are always expensive

• Goods and services that are unnecessary

Which of the following is considered a "want" rather than a "need"?

• Water

• Smartphone

• Shelter

• Food

What is impulse buying?

• Buying goods and services after careful planning

• Buying goods and services without prior planning

• Buying only necessary items

• Buying items on sale

Which of the following is a tactic sellers use to encourage spending?

• Offering discounts

• Providing free samples

• Creating a sense of urgency

• All of the above

What is the primary focus of Lesson One in Budget+?

• Learning how to save money

• Understanding the difference between needs and wants

• Investing in stocks

• Learning about different currencies

What is Caleb’s net monthly income? See page 73

How much are Caleb’s regular monthly expenses? See page 73

What are Caleb’s short-term goals? See page 73