Vocabulary
The patterns of how a person spend their money.
What are spending habits?
When the total income is higher that the total expenses.
What is a surplus?
The maximum amount of money a person can spend on a credit card.
What is a credit limit?
Joanna has a $2,000 credit limit on her credit card.
What is $600?
A person spending a lot of money on non-essentials.
What are good spending habits?
Something required by law.
What is an obligation?
Sometimes people spend their money on luxury thing that they can not afford or don't need at all.
What is a non-essential?
The amount of money a person owes and needs to pay back to another person; bank, or business.
What is debt?
John has a credit limit of $4,000. This month he spent $1200 dollars.
What is the balance?
People go to different shoe stores on-line to compare prices.
What is comparing prices?
Essential services charged monthly, such as water, electricity, and gas.
What are utilities?
Absolutely necessary, very important.
What is essential?
Interest and percentage rates when using a credit card for purchases?
What are the tips for using a credit card?
Robert works as a custodian at a local high school. He makes $25.00 an hour and averages $2,000 a month.
What is managing finances?
A person who pays essentials and still has money to save.
What is a positive outcome?
A proportion of a full number.
What is a percentage?
When the total income is lower than the total expenses.
What is a deficit?
Pay off the total amount each month.
What is a credit card?
In 2023, total credit card debt in the U.S. hit a new record of $1.13 trillion.
What is spending habits?
Buying TV's and game consoles.
What is a want?
Voluntarily giving or helping something or people in need.
What is charity?
Food, utilities, and healthcare.
What are essentials?
Stay below the credit limit.
What is 30% of the limit?
If Riley makes $1800 and gives to charity.
What is $180 for God?
Paying for water, power, and groceries.
What are essentials?