Studies Weekly Week 31 Review

A budget, or finance plan helps you to:

• save money

• track how you spend money

• manage your money

• all of these

Which is something NOT mentioned as a part of a budget:

• ways to spend and save money

• ways to take care of emergencies

• taking money from others

• thinking about the future

Which is the most important thing to remember about spending money.

• planning how to give it away

• planning how to spend it in advance

• planning how to earn a lot of money

What is debt?

• money you spend

• money you save

• money you owe to others

All of the things we spend money on: bills, food, toys, clothes are called ___________________.

Regular money that we earn through work or investments is called _________________. It's the opposite of expenses.

Why do businesses need to budget?

_________________ _____________ is a thinking skill that helps you: guess how long it takes to do something, complete tasks on time, and not waste time.

According to the article, what does the phrase "time is money" mean?

• It's OK to waste time.

• Time doesn't matter.

• Take your time.

• Time is as valuable as money.

Budgets for money are important.

So are budgets for time.

Explain how budgeting time can be important for a fourth grader.