Financial Literacy - Money Responsibility

What is money coming in also known as?

• Expense

• Asset

• Liability

• Income

What is money going out known as?

• Asset

• Expense

• Liability

• Income

What is expenses subtracted from income known as? (Assuming income is higher)

• Budget

• Spending plan

• Savings

• Money

What is an asset?

• All your income

• All your expenses

• A debt

• Any item that can give you future benefit

What all does a spending plan consist of? Tick all options that are appropriate.

• Money coming in

• Money going out

• Non current liabilities

• Goals