Money Skills Unit Test (Modified)

Front

When you decide to spend money on clothes, all the other things you could have spent the money on but didn't.

Back

Trade-offs

Front

Money you owe to others.

Back

Debt

Front

Putting money away to use in the future or for emergencies.

Back

Savings

Front

Things or ideas you view as important to your life and the world.

Back

Core values

Front

Income and expenses are the two main parts of a ____.

Back

budget

Front

Something NOT required for your safety, well being or success in life, but MIGHT make your life better.

Back

Want

Front

Something REQUIRED for your safety, well being or success in life.

Back

Need

Front

If I do NOT have my ______ met something bad may happen in my life.

Back

needs

Front

The amount of money you receive in your paycheck after all deductions have been taken out, also called your "TAKE HOME" pay.

Back

Net pay

Front

Who pays taxes?

Back

Businesses and people that have income or make money.