Chapter 17: Personal Finance Section: 1: Spending Your Money

What payment makes up the largest part of the budget for the family?

What percent does the family spend on credit card payments they owe?

What percent of their annual income does the family save?

What percent of their annual income does the family save?

What payment percent surprised you in terms of percent of budget? Why?

A 401K is a retirement account you can put money into; what percentage is invested?

A 401K is a retirement account you can put money into; what percentage is invested?

What are some bills that the family might seek to cut back on if they want to save more? Why?

The money an individual obtains is called

The spending of some or all of that money for various purposes is called