Finance Fun: Money Matters Flashcard!
Flashcard
•
Life Skills
•
10th Grade
•
Hard
Wayground Content
FREE Resource
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25 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Which of the following is the best definition of "budget"? A magical spell that makes money appear in your wallet, A plan for managing your income and expenses, A type of sandwich you eat when you’re broke, The name of a famous rapper
Back
A plan for managing your income and expenses
2.
FLASHCARD QUESTION
Front
What does the term "income" refer to in personal finance?
Back
The money you receive, usually from work or investments
3.
FLASHCARD QUESTION
Front
Which of the following is considered a fixed expense? Monthly rent payment, Buying a new video game, Eating out at a restaurant, Impulse shopping for socks with cats on them
Back
Monthly rent payment
4.
FLASHCARD QUESTION
Front
What is the main purpose of a savings account?
Back
To keep your money safe and earn interest.
5.
FLASHCARD QUESTION
Front
Which of the following is NOT a form of income? Allowance from parents, Birthday gifts in cash, Wages from a part-time job
Back
Paying your friend back for lunch
6.
FLASHCARD QUESTION
Front
If you want to save $200 in 4 months, how much should you save each month?
Back
$50
7.
FLASHCARD QUESTION
Front
Which of the following best describes a "variable expense"? Options: An expense that never changes, like your rent; An expense that can change from month to month, like groceries; An expense that only happens on leap years; An expense that is paid by your pet hamster.
Back
An expense that can change from month to month, like groceries
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