Consumer Spending

What does "interest rates" refer to?

• The amount of money earned on savings

• The price of goods and services

• The percentage charged by a lender for a loan

What does "savings account" mean?

• A type of loan from a bank

• An account where money is stored for future use

• A document showing ownership of a company

What is the meaning of "budgeting"?

• Investing money in stocks

• Creating a plan for spending and saving money

• Paying off debts

Match the following

• Regular payment to repay a loan

• Credit Card

• A plastic card used to make purchases wi

• Mortgage Payment

• The cost of borrowing money

• Interest Rate

• Creating a plan for spending and saving

• Budgeting

If you want to save money for emergencies, it's a good idea to open a ​ (a)   .

• savings account
• Mortgage Payment
• Credit Card

Organize these options into the right categories

Groups:

(a) Savings & Credit

,

(b) Financial Concepts

,

(c) Money Management

• Investment Planning

• Interest Rate

• Check account

• Stock Market Index

• Personal Loan

• Debt Repayment

• Savings Account

• Budgeting