Money 1
An example of an expense
A bill (heat, water, electricity, house, phone, etc.)
Something received from doing work and is limited
What is income?
A saving-spending plan that is based on a person's income and estimated expenses
What is a budget?
What is buying a home or vehicle, paying for school, or starting a business?
Benefits of saving
What is help you avoid getting into debt and helps you pay for items or events in the future.
What is Helps you with emergency needs
Money owed is known as this
What is debt?
Options on investing your money
What is real estate, collectibles, stocks and bonds, etc.?
Interests adds additional ____ to your loan or account
What is money?
Explain what happens if you fail to budget
What is not being able to pay bills on time and their full amount
What is may end up in debt
Ways you can earn income without having to work
What is
government assistance
retirement/ veterans
spousal support
stock dividends?
The 2 forms of credit
What is bank loan and credit card?
Most people get a _____ when buying a house
What is a loan?
The hours a week a full time and part time employee works
What is 40 hours a week?
What is 20-30 hours a week?
The lowest wage permitted by law in the United States
What is $7.25
Describe how you would convince someone to open up a savings account
Various responses.
Describe the difference between long term and short term saving
What is short term in a year or 2 long term, 10-20 years from now?