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Unit 08 (6a-6b)

White 14 - Unit 8 (6a-6b)

QuestionAnswer
What term means maintaining a budget and spending within your means? Fiscally responsible
What are the SIX characteristics of a fiscally responsible person? Keeping to a budget Saving and investing for the future Making careful spending decisions Using credit wisely Having insurance Understanding contracts, warranties, and guarantees
Lily tracks her income and lists how much she can spend on rent, food, and savings. What is Lily doing? Keeping to a budget
Tyler puts $20 into his bank account every month to help buy presents at Christmas. What is he doing? Saving and investing for the future
Emma thinks twice before using her credit card on new shoes she does not need. What is she trying to do? Using credit wisely and making careful spending decisions
Zoe gets sick and needs surgery, but her medical bills are covered. How is she protected financially? She has health insurance
Noah cancels his gym membership but is still charged because he signed an agreement. What is the agreement called? Contract
What allows you to return a damaged product for a replacement, repair, or refund? Warranty
An ad for a pizza restaurant promises, “Lowest prices in town or your money back.” What is this an example of? Guarantee
Created by: Warren_Fisher
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