Income or Expense?

You babysit for your neighbor and get paid $30

• Income
• Expense

You pay your mom back the $20 she leant you

• Income
• Expense

You go out to the movies with your friends

• Income
• Expense

You get $25 for your birthday from your Grandma

• Income
• Expense

You get a job at a local movie theater

• Income
• Expense

You buy ice cream for you and your little brother

• Income
• Expense

You donate $25 to Cradles for Crayons

• Income
• Expense

Ethan works full time as a camp counselor over the summer and makes $1,600 each month. He's trying to save money to buy a new car, so he limits himself to spending $250 per week on whatever he needs (gas, snacks, going the movies with friends). Is Ethan's cash flow positive or negative?

• Positive
• Negative

Recall the situation from the previous question: Ethan works full time as a camp counselor over the summer and makes $1,600 each month. He's trying to save money to buy a new car, so he limits himself to spending $250 per week on whatever he needs (gas, snacks, going the movies with friends). Explain how you determined whether Ethan's cashflow was positive or negative.

Gabby has $300 in savings. She works a few hours each week at her family's restaurant and earns $200 each month. This month she bought herself a new bike for $250. Is Gabby's cash flow positive or negative?

• Positive
• Negative