Personal Finance

What is income?

• Money you make

• Money you spend

• buying groceries

• buying a football

Which of these are expenditures ?

• selling merchandise

• utility bills

• Having a job

• Cutting grass for money

Money you spend is called

Which of these are examples of saving?

• spending your money on video games

• spending money on groceries

• putting money in the bank

• paying rent

what is investing ?

• Spending all your money on animals

• placing money in something hoping to get money back

When should a person make a budget?

• First part time job

• Never

• Full time job

Why should a person monitor their income?

• So they can adjust as needed

• To buy a TV

• For their dream vacation

• To save for a falcons game

If Bob makes 1000 dollars a month and his taxes cost him 356 dollars a mount how much money does he have for other things

• 233

• 644

• 535

• 0

which examples are saving.

• putting money in bank

• putting money aside for vacation

• putting money aside for an emergency

• saving money for a new bed

What is the first step you should take when planning your budget?

• reviewing and adjusting your expenses

• add up all of your income

• divide your expenses into fixed vs variable

• gather all financial statements