Budgeting/Spending
The process of managing income and spending
Budgeting
What is the primary purpose of saving money?
To buy personal items or achieve goals in future
The process of spending money in hope for more money in return.
What is investing?
What is it called when you take money that isn't yours
Money Theft or Stealing
The process of applying for money to buy something now and but pay back in future
Loans
What two types of expenses are there?
Variable expenses and fixed expenses?
Who has access to and can deposit money into your Superannuation account?
An employer and myself
What are examples of low risk and high risk.
What is it called when you don't pay the compulsory payments to the Government
Tax Evasion
The money taken out to buy a home
Mortgage
What part of a budget is saved for unforeseen expenses or costs
Emergency Fund
What is super account established for?
To allow money for retirement in future
What is the relationship between the money spent and money earned when investing
Risk and Reward
What happens when you pretend to be a business or person to get a payment of some sort of value from an innocent buyer
Scamming
The legal requirement to have your car allowed to drive on roads.
What is Registration?
Spending more money than you make
What is overspending?
This is the extra money a bank pays you for keeping money in your account.
What is interest?
How much is one Bit coin worth in Australian Dollars
$107,417.72
What is it called when you use other peoples credentials to make money or purchase items or assests
Fraud
The process of spending money in case of accidents in future
Insurance
A student has an income of $100 spends $10 dollars on food, $15 on fuel and $25 on stationary and wants to save 50% of the remaining money. How much money will the student save
$30
If we save $235 per week how much money is saved after 3 and half months
$4900
What stock markets are open by Elon Musk
Space X, Tesla, The boring company, Neuralink and APR energy
What is the term when you drive without registration
Illegal Driving
What is needed to be renewed between 1 to 5 years depending on the Australian state
Car License