Personal Finance Review

Match the following

• Income

• 
• Debt

• 
• Unplanned Expenses

• 
• Saving

• 
• Budget

• 

Match the following

• Budgets help plan how to spend & save...

• Expenses

• A benefit of a savings account. 🏦

• 
• Anything you spend money on.

• 
• Budgets help you NOT get in.....

• Debt

• A reason to budget and save your money..

• your income.

What is a budget?

• a group that helps the community

• a safe place where people keep money

• a center where you can donate things

• a plan for spending and saving money

What is an example of an income?

• Diego bought a video game

• Litzy earned money for babysitting

• Sevenmoon played at recess

• Mateo saved money to buy a skateboard

Income is money received from...

• your friends

• your family

• your work

• your parents

Saving money allows you to...

• use all your money

• spend all your money

• have extra cash to buy everything you want

• have extra cash for emergencies

This kind of card is for BORROWING MONEY. You must pay it back. (Credit OR Debit).

(a)  

A wage is

• hourly

• long term

INCOME IS

• disposable

• limited

• expensive

Commission is

• a type of salary

• when someone gets a percentage of what they sold

• when someone borrows money