WorksheetsFACS
Total questions: 8
Worksheet time: 2hrs 0mins
What is a spending plan
The tool to spend money
The tool to record and track actual income and expenses over a period of time.
Money spent at a store
A spending plan can help you
Prepare for the futere
Control how you spend money
Reduce stress and income
Using a credit or debt card
Consequences of NOT Using a Spending Plan
No idea where money has been spent
Leaving with your wallet
Strained relationships
Stress
How do I make a spending plan?
Make money
write down how many dollors your mom has
Create a budget for fixed and variable expenses based on projected income.
Go to the bank and make one
How do you do checks
When writing checks, avoid errors and chances of fraud by using a blue or black pen to properly fill out all the required areas.
Use a blank piece of paper
Never endorse a check before
cashing or depositing it, and never
sign a blank check.
When a check is made out to you, you need to endorse it before you can cash or deposit it. This means you sign your name on the back of the check at the top left end.
Good things about credit
Credit enables people to purchase goods or services and pay for them in the future.
It can not be locked
Scammers use it
WHY ARE TAXES ARE IMPORTANT
They alow us to pay less
Our government, at all levels, provide us with goods and services that are sometimes more difficult for companies or individuals to provide
The costs for these goods and services are called expenditures
PROTECTING YOURSELF FROM CONSUMER FRAUD
Say hi online
Don't send money to any unknown business or organization without checking to be sure it is reputable
Don't ancwer the scam likely calls
