Budgeting 101
What do you use to buy things?
Money
What do we use to track budgets?
Budget tracker
What is the term for using money to buy things?
Spending
What colour is the $20 bill?
Green
There are two types of spending. Needs Spending and ____ Spending.
Wants
What is the term for putting money in our bank account and not spending it?
Saving
True or False:
Groceries are a want purchase.
False
What do we read to see what we bought from the store?
Receipts
Where do we keep our money?
Hint: Not a wallet!
Bank account
Fill in the blank:
Your money = Your __________
Future
True or False:
It is important that we record the date we bought something.
True
The term for the entire amount we spent at the store; found on a receipt.
Total
True or False:
It is important to spend less money than you have.
True
Where can you find the name of the store on a receipt?
At the top
What do we earn for working jobs?
Income