Budget Flashcard

Front

What is a budget?

Back

A budget is a plan for how to spend and save money.

Front

What does it mean to save money?

Back

To save money means to put money away for future wants or needs.

Front

What is income?

Back

Income is the money that you earn or receive.

Front

What is the Spanish word for income?

Back

Ingreso.

Front

What does it mean to spend money?

Back

To spend money means to use money to buy things.

Front

What is a piggy bank used for?

Back

A piggy bank is used to save money.

Front

What is the opposite of saving?

Back

Spending.

Front

Why is it important to have a budget?

Back

A budget helps you plan how to use your money wisely.

Front

What can you do with saved money?

Back

You can use saved money to buy things you want in the future.

Front

What is an example of income?

Back

An example of income is money you earn from doing chores.