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Financial Literacy Flashcards | StudBud

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Financial Literacy

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Questions 12

Answers

1
Which is an example of planned spending?
Girl Scout cookies
car repairs
pet clinic for sick pet
gas for car
2
What is credit?
Allows You To Buy Anything You Want. Free Money!
Allows You To Stress Out
Allows You To Purchase Now And Pay Back Later
Allows You To Make Purchases Using Your Checking Account
3
Need or Want?
need
want
4
Need or Want?
need
want
5
Planned Spending is...
Earning money for work
Paying money for goods and services you EXPECT
Paying money for goods and services you do NOT EXPECT
Saving money
6
What does it mean to save money?
spend it
putting it aside to spend in the future
donate to a charity
charge it to the credit card
7
Unplanned spending is...
money people get for providing a service.
paying for things you need.
paying for goods and services you do not expect.
putting money a side for the future.
8
Need or Want?
need
want
9
What is a budget?
a plan to save and spend your money
expenses
borrowing money to pay your bills
money that you owe
10
Which is an example of unplanned spending?
emergency room bill
guitar lessons
phone bill
groceries
11
I must have enough money in my checking or savings account to pay for purchases with this card.
Credit Card
Debit Card
12
Need or want: doughnuts
Producer
Service
Want
Need