Budget Boss
What is a plan for your money called
Budget
What does pay yourself first mean?
Save part of your money before spending.
The ability to earn money based on your skills
Earning Power
Is credit free money?
No
Name 2 parts of a budget
Income & Expenses
Name one reason to save.
Goal, emergency or future expenses
Name a skill that could help someone make money.
Doing hair, babysitting, walking a dog, cutting grass, making junk cases
What is interest?
The cost to borrow money.
Money that goes out
Expenses
What is saving?
Putting money to the side and not spending it.
Name two ways to increase earning power.
Build skills, gain experience, get education or training
What habit helps build good credit?
Paying bills on time.
Money that comes in.
Income
True or False: Saving $1 a day is pointless.
False
When prices go up over time
Inflation
A card used to borrow money from a bank or card company?
Credit Card
What is the difference between a need and want?
A need is necessary. A want is nice to have.
Is saving for next month a short-term or long-term goal?
Short-term
Need or Want? A house with 5 bedrooms and 3 bathrooms for a family of 3.
Want
A card linked to the money that you have.
Debit card