SS7E10 - Personal Money Management

What is interest?

• Money earned by working.

• Money received by gifts.

• Fees charged for borrowing.

• Buying now and paying later.

What is sacrifice?

• Making good choices.

• Going without good and services.

• Exchanging one thing for another.

• Giving up something to do something else.

What is investing?

• Money earned by working.

• Putting money away for later.

• Taking a risk with your money.

• Buying now and paying later.

Where does money come from?

• The money factory.

• The government prints it.

• College school boards.

• Parents to children, back to parents.

What is saving?

• Money earned by working.

• Putting money away for later.

• Taking a risk with your money.

• Buying now and paying later.

How does the government dispose of old money?

• They give it away to the poor.

• Banks loan it citizens.

• They shred it.

• Recycle it to make notebook paper.

What is credit?

• Money earned by working.

• Money received by gifts.

• Fees charged for borrowing.

• Buying now and paying later.

Why should you price shop?

• To pay more money.

• To build interest.

• To spend more.

• To save and get the best deal.

What is a budget?

• Money earned by working.

• Limited spending.

• Fees charged for borrowing.

• Buying now and paying later.

What is income?

• Money earned by working.

• Money received by gifts.

• Fees charged for borrowing.

• Buying now and paying later.