Money and Budgets

It's important to spend money on things you need before spending money on things you want.

• True
• False

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.6.1

CCSS.RL.7.2

A plan for spending and saving. You must consider both income and expenses.

• budget

• banking

• hoarding

• investing

Something you have to have such as food or water.

• savings

• needs

• wants

• borrow

Tags

CCSS.RI.7.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

Paying with a ______ _____ takes cash of your checking account.

• Credit card
• Debit Card
• Gift Card

Tags

CCSS.RI.6.3

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

What's the best way to know if you are getting a good deal on what you're buying?

• Return policy
• Compare prices
• Ask Friends

If you are buying groceries at the store and want to use the cash in your bank account, you should pay with your ______

• Debit card
• Credit Cart
• Gift Card
• Cash

How is buying with credit different than paying with cash?

• With credit, you don't have to pay interest
• With credit, you borrow money and repay later, with interest
• No difference

Tags

CCSS.RI.7.2

CCSS.RL.6.1

CCSS.RL.7.1

CCSS.RL.7.2

CCSS.RL.8.1

Paying for something with cash can help you avoid spending more money than you have.

• True
• False

What two things does a budget compare?

• Income and Expenses
• Savings and Interest
• Income and Investments
• Expenses and Expenditures

Which is an example of a fixed expense?

• Cell Phone
• Utility bill
• Groceries
• Gasoline