Budget Flashcard - 7th Grade Practical Math

Front

It's important to spend money on things you need before spending money on things you want.

Back

True

Front

Which of the following is an example of a want for most people? A warm jacket, Transportation, Ice cream

Back

Ice cream

Front

Which of the following is an example of a need for most people? A place to live, A nice car, Designer jeans

Back

A place to live

Front

A plan for spending and saving. You must consider both income and expenses.

Back

budget

Front

Something you like to have such as toys.

Back

wants

Front

The price or amount you pay for something that you want or need.

Back

cost

Front

Something you have to have such as food or water.

Back

needs

Front

Something you make to help you spend or save money wisely

Back

budget

Front

Jack wants a new phone, but he needs a new notebook for class. What should he do?

Back

Buy the notebook and put away money for the phone.

Front

What is one way Ryland can earn money? Options: He can open a lemonade stand., He can donate to a charity., He can read a book about jobs., He can volunteer at the library.

Back

He can open a lemonade stand.