personal finance

Flashcard
•
Mathematics
•
8th Grade
•
Hard
+6
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is the money people pay to support the government?
Back
Taxes
2.
FLASHCARD QUESTION
Front
What is the term for money put into your account?
Back
Deposit
3.
FLASHCARD QUESTION
Front
What is a plan for how much income will be received and how it will be spent?
Back
Budget
4.
FLASHCARD QUESTION
Front
What is the term for money taken out of your account?
Back
Debit
5.
FLASHCARD QUESTION
Front
What occurs when the total amount of money spent, saved, and shared equals total income?
Back
Balanced budget
6.
FLASHCARD QUESTION
Front
What is the term for a financial plan that outlines expected income and expenses?
Back
Budgeting
7.
FLASHCARD QUESTION
Front
What is the difference between fixed and variable expenses?
Back
Fixed expenses remain the same each month, while variable expenses can change.
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