Personal Finance

What is a budget?

• A plan for how money will not be used

• A plan for how money will be used

• The amount you spend

• The amount you save

What is income?

• The amount you spend

• The amount you don't save

• Money taken in

Tags

CCSS.5.NBT.A.3B

What is interest?

• money paid by other people

• money robbed by the bank

• money paid regularly by the bank on the account

• money paid by the U.S

What is investment?

• money spent on something with the goal of making more money

• money spent on other things

• money spent on saved products

The cost of borrowed money, usually expressed as a percentage.

• interest
• savings plan
• scarce
• purchase

Tags

CCSS.7.RP.A.3

money earned

• salary
• income
• purchase
• spend

to give money to someone else in exchange for something

• interest
• lend
• spend
• borrow

Tags

CCSS.RI.1.4

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RI.K.4

CCSS.RL.3.4

another person gives you money that you will then need to pay back

• borrow
• purchase
• scarce
• labor

You go to the movies

• Income

• Expense

money that you make from your job

• interest
• occupation
• wage
• income

Tags

CCSS.RI.1.4

CCSS.RI.2.4

CCSS.RI.3.4

CCSS.RI.K.4

CCSS.RL.3.4