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Social Studies

Unit I Perssonal Finance

QuestionAnswer
What is a budget? A plan for saving and spending.
What is savings? The money you keep and set aside to use in the future.
What is money you earn and receive? Income
What is money spent to purchase goods and services? Expenditure
What is a plan for saving and spending? Budget
What is the money you keep and set aside for use in the future? Savings
What is income? Money you earn or receive.
What is expenditure? Money spent to purchase goods and services.
Jefferson needs $70.00 to purchase a ticket. He earned $20.00 mowing lawns and $50.00 selling his PlayStation. What is the $20.00 and $50.00? His income
Jefferson needs $70.00 to purchase a ticket. He earned $20.00 mowing lawns and $50.00 selling his PlayStation. What is the $70.00? His expenditure
Naya earned $30.00 babysitting. She spent $15.00 at the movies and $5.00 on pizza. What are the $15.00 and $5.00? Her expenditures
Naya earned $30.00 babysitting. She spent $15.00 at the movies and $5.00 on pizza. What is the $30.00 Her income
When you set aside money by putting it in a bank, this is an expenditure. True or False False
When you earn money from working, the money earned is a donation. True or False False
What is giving money to help others? Donation
Lisa took money from her savings account and gave it to a homeless shelter? What was the money given away? Her donation
Created by: gwinnett2019
 

 



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