personal finance

What is a Budget?

• Money used to buy and pay for household items, such as electricity and groceries

• Money to give to others

• Money used to eat at an all you can eat buffet

• Money used to build a grocery store

What is Income?

• Money given to you by your parents

• Money you borrowed from a bank

• Money you worked for

• Money you found

What is spending?

• money you earned from work

• money you use to buy things

• Money in your savings

• Money in your checking account

What is credit?

• when you purchase items with cash

• when you use a check to buy groceries

• when you deposit money in your checking account

• when you buy something and pay for it later

What is a savings?

• Money set aside for later use

• Money you use to buy gas

• Money used to purchase a bike

• Money in your pocket

What is debt?

• items you buy with cash

• Money you borrowed and has not repaid

• money you have available in your account

• money used to buy clothes

What is a credit cared?

• A card issued by a bank to purchase goods from a line of credit they approve and you pay back each month

• A card used where the money comes directly from your personal account

Personal Finance/Money management is how you manage your____________

money that you earn from working or gain from investments

trading money in exchange for goods or services is