Unit 13 Personal Finance

Front

Which is NOT an example of money? (E3a/DOK1) Debit Card, Credit Card, Check, Currency

Back

Credit Card

Front

What term refers to the money earned by individuals for products made or services provided?

Back

income

Front

Which of these is NOT an example of income? (E3a/DOK2) payment for completion of contract work, monthly salary, taxes collected on lottery winnings, earnings from babysitting

Back

taxes collected on lottery winnings

Front

What term refers to a plan for one's spending and saving goals?

Back

budget

Front

Which of the following is the BEST reason to make a budget?
to list one's home for sale,
to earn high stock dividends,
to go into debt regularly,
to ensure that one's bills are paid on time

Back

to ensure that one's bills are paid on time

Front

The first step in creating a budget is __.

Back

Knowing what your income is.

Front

What would BEST help people manage their money?

Back

Create a personal budget

Front

Rashid is a college student. The graph shows her budget. What should Rashid spend less on if she wants to start saving money?

Back

Clothing

Front

A personal budget will MOST LIKELY include which item(s)?

Back

earnings and bills

Front

Why might a personal budget include information on BOTH spending AND saving habits?

Back

By knowing how much they spend, people can look for ways to save more.