Adele needs to plan for a large-scale purchase. What is her BEST option? Options: Put money into a savings account, Use a credit card, Take out a loan, Ask a family member for a loan
Personal Finance Review

Flashcard
•
Social Studies
•
7th Grade
•
Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
Back
Put money into a savings account
2.
FLASHCARD QUESTION
Front
Money you earn through work
Back
Income
3.
FLASHCARD QUESTION
Front
Darin wants to plan for his future. What is the BEST advice to give him for how to manage his monthly paycheck?
Options: Buy everything you want whenever you want to, Invest it all now, Pay your debts/expenses and invest some for the future, Spend it all now
Back
Pay your debts/expenses and invest some for the future
4.
FLASHCARD QUESTION
Front
When the bank charges interest on a loan we borrow, we must...
Back
Pay more money than we borrowed from the bank
5.
FLASHCARD QUESTION
Front
A plan of your expected income and how you will use it to meet your expected expenses over a period of time
Back
Budget
6.
FLASHCARD QUESTION
Front
Which word or phrase should be at the top of the left column of this budget?
Back
Income
7.
FLASHCARD QUESTION
Front
People keep a personal budget to help them
Back
set and reach financial goals.
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