64b 64c Personal Finance

Front

What can a person do to plan for emergencies?

Back

Create a budget.

Front

What type of expense are emergencies?

Back

Unplanned Expenses

Front

A benefit of saving your money in a bank is earning ________.

Back

Interest

Front

What does this table show someone doing?

Back

Saving Money

Front

What is the saving account earning every year?

Back

Interest

Front

Compare the two ages people started saving at. What does the graph tell you about saving?

Back

The earlier you start to save, the more you can save.

Front

What do personal budgets help people avoid?

Back

Overspending and financial debt

Front

How should Bill adjust his budget? Hint: Expenses should be LESS than your money earned.

Back

Bill is overspending, which means that he should have less expenses.

Front

What factors should a person strive to balance when creating a personal budget?

Back

spending and saving

Front

What would be the most responsible way for Victor to change his budget after unexpectedly losing his job as a chef at a local restaurant? Options: only paying a few of his monthly bills, identify expenses he can eliminate, increase his spending on entertainment

Back

identify expenses he can eliminate