Build a Budget
What do we call the plan that shows how you will spend and save your money?
what is a budget?
Food, shelter, and clothing are examples of what?
what are needs?
Money you set aside for later is called what?
What is saving?
Using money to try to grow more money is called what?
What is investing?
You want a new phone but don’t have the cash. What should you do first?
What is make a plan or save?
If you earn $500 a month and spend $450, how much do you have left?
Streaming services and video games are usually considered what?
what are wants?
A savings account is usually used for what purpose?
What is keeping money safe?
Stocks represent ownership in what?
What is a company?
If two loans offer the same amount, which should you choose?
What is the lower interest rate?
Rent, food, and utilities usually fall into what type of expense?
What are fixed expenses?
Buying name-brand shoes instead of cheaper ones is an example of choosing a ___ over a need.
What is a want?
Saving a little money regularly is better than saving ___ at once.
what is a lot?
Investing usually involves what: risk, reward, or both?
What is both?
Buying something without planning can hurt what?
What is your budget?
Money set aside for emergencies is called what?
What is an emergency fund?
True or False: Wants are more important than needs in a budget.
what is false?
What kind of savings is meant only for emergencies?
What is an emergency fund?
True or False: Investing guarantees profit.
what is false?
Paying bills on time helps improve what?
What is your credit?
If expenses are greater than income, your budget is doing what?
what is overspending
Cutting back on wants helps you do what with money?
what is save more?
Why is saving important?
What is to prepare for the future or emergencies?
Why do people invest money long-term?
What is to grow wealth over time?
Why is budgeting important?
What is to manage money and avoid debt?