Personal Finance 4th

Front

What is a budget?

Back

A plan for saving and spending

Front

What does the term "expenditures" mean?

Back

Money spent to purchase goods and services

Front

What is the definition of "income"?

Back

Money you earn or receive

Front

Which of the following best describes "savings"? The money you spend immediately, The money you keep and set aside to use in the future, The money you borrow from a bank, The money you lost at school

Back

The money you keep and set aside to use in the future

Front

What is the term used to describe the things we lose because of our decisions?

Back

Cost

Front

What is the definition of the term "benefit" in Social Studies?

Back

Positives that come from our decisions

Front

What is the term for what you give up to get something, a trade-off?

Back

Opportunity cost

Front

What does the term "cost" refer to in decision-making?

Back

Things we lose because of our decisions