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Money Management Flashcards | StudBud

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Money Management

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Questions 10

Answers

1
Wages are payment for work
figured by the month.
figured by the hour.
shown as a yearly amount.
2
What is a budget
Spending less than you make.
A plan to meet all your spending needs.
Buying only what you need.
3
Impulse buying is when you buy
groceries, clothing and shoes.
using credit cards.
things without thinking if you really need.
4
A need is something
not very important.
a fun thing to have.
you can not live without.
5
Income means
your money minus your bills.
bills you have to pay.
money you get from working or other ways.
6
Investing is important because
you will get rich.
you will always have money.
it can make your money grow.
7
Salary is payment for work paid, shown as a
an hourly amount.
by thee hour.
a yearly amount.
8
Savings is
money set aside for goals.
getting a good deal.
money for fun things.
9
A want is something
you must have to live.
you would like to have but not important.
you buy without thinking about it.
10
Credit is a
loan that a person is expected to pay back.
the skill to manage money.
an extra fee charged when borrowing.