Personal Money Management/Budget
Help!
|
|
||||
|---|---|---|---|---|---|
| What is money that comes in, usually through working? | income
🗑
|
||||
| Things that we want but don't need are called what? | luxary
🗑
|
||||
| A plan for how money will be spent is a? | budget
🗑
|
||||
| expenses that are required for living | essential expense
🗑
|
||||
| expenses that you spend extra money on | non-essential expense
🗑
|
||||
| expenses that vary each month | variable expenses
🗑
|
||||
| expenses that are the same each month | fixed expenses
🗑
|
||||
| Money set aside over time | savings
🗑
|
||||
| A charge a bank pays you for using your money, or that a bank or company charges you for using their money | interest
🗑
|
||||
| earning interest on interest | compund interest
🗑
|
||||
| spending money in hopes of earning more money in the future | investing
🗑
|
||||
| the possibility of losing money while investing | risk
🗑
|
||||
| money that you borrow from a bank or company, or the ability to borrow money | credit
🗑
|
||||
| a card that used for purchases in which the money comes directly from your checking account | debit card
🗑
|
||||
| a card that allows you to purchase to a line of credit for which you are billed later | credit card
🗑
|
||||
| What are the ways people can get income? | working, investing, gifts, or selling things.
🗑
|
||||
| Why is a budget a good thing to use? | It helps you to plan ahead and lets you know where your money is going.
🗑
|
||||
| What is the goal of saving money? | The goal is to save money. This can be done to make an expensive future purchase or for retirement.
🗑
|
||||
| What is the long-term savings goal for most Americans? | retirement
🗑
|
||||
| What is the best way to save money? Why? | The best way to save money is in a bank because you can earn interest on your money.
🗑
|
||||
| What is the biggest investment most people make? | For most people the biggest investment they make is a home.
🗑
|
||||
| What are stocks? | small investments in large companies
🗑
|
||||
| What are bonds? | money loaned to governments.
🗑
|
||||
| Why should you only borrow money that is absolutely necessary? | You will have to pay back interest, so you usually have to pay back more than you owe.
🗑
|
||||
| What are some types of credit? | credit cards, home loans, student loans
🗑
|
||||
| What is the key to personal finance? | Having more money coming in than going out.
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
dedington1
Popular Economics sets