How can you avoid debt?

Save Money, Use Credit Wisely, Make a budget, Know your income

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SS6E13 Money Management

22 termsStudBud Administration547 plays

6th Grade Social Studies

Flashcards22 cardsFPractice quizPHost liveL

Questions 22

Answers

1
What should you do with money once your bills are paid?
Go to the movies
Put some into savings
There won't be any money left
Pay for electricity
2
Money set aside for later use or in case of emergencies
Debt
Expenses
Credit
Savings
3
What is a low skill job?
Doesn't require much education
Requires more education
Paid more than most jobs
Does not affect how much you get paid
4
% of an amount of borrowed money that must be paid back in addition to the loan itself.
Interest
Commission
Savings
Debt
5
Why is income limited?
You have to pay for expenses before what you want
All of these
You can't spend money you don't have
Taxes are taken out
6
Money received from work, investments, or other financial support
Debit
Credit
Income
Wage
7
How can a person have an income without working?
Veterans Benefits
Government Assistance
All of the above
Retirement
8
What does not affect how much you get paid?
How Necessary
Education
Appearance
Skill Level
9
Which is not one of the parts of a budget?
Expenses
Commission
Savings
Income
10
What are the 3 ways a person can be compensated for work?
Savings, Commission, Income
Salary, Expenses, Income
Wage, Salary, Commission
Income, Expenses, Savings
11
How can you avoid debt?
Save Money
Use Credit Wisely
Make a budget
Know your income
12
Money earned as a percentage of a sale or service
Interest
Credit
Savings
Commission
13
What a person earns from hourly work
commission
expenses
wage
credit
14
Which is a need?
Water
Jordan Shoes
Netflix
Fortnite
15
Money owed
Interest
Credit
Expenses
Debt
16
Financial responsibilities, such as bills.
Income
Credit
Saving
Expenses
17
A plan for spending and saving one's income
Expenses
Budget
Salary
Credit Cards
18
How can debt be a good thing?
It is never a good thing
Using loans and not planning to pay it back
Late Credit Card Payments
Student Loans / Business Loans
19
Which is not a savings strategy?
Invest in Real Estate
Credit Cards
Piggy Bank
Savings Account
20
Which is a want?
iPhone 8 Plus
Shelter
Clothing
Food
21
What is an ADVANTAGE of using a credit card?
None of these
Spend more than you have
Build debt
Build good credit history
22
A loan of money
interest
credit
savings
debt

SS6E13 Money Management Flashcards | StudBud

SS6E13 Money Management

22 termsStudBud Administration547 plays

6th Grade Social Studies

Flashcards22 cardsFPractice quizPHost liveL

Questions 22

Answers

1
What should you do with money once your bills are paid?
Go to the movies
Put some into savings
There won't be any money left
Pay for electricity
2
Money set aside for later use or in case of emergencies
Debt
Expenses
Credit
Savings
3
What is a low skill job?
Doesn't require much education
Requires more education
Paid more than most jobs
Does not affect how much you get paid
4
% of an amount of borrowed money that must be paid back in addition to the loan itself.
Interest
Commission
Savings
Debt
5
Why is income limited?
You have to pay for expenses before what you want
All of these
You can't spend money you don't have
Taxes are taken out
6
Money received from work, investments, or other financial support
Debit
Credit
Income
Wage
7
How can a person have an income without working?
Veterans Benefits
Government Assistance
All of the above
Retirement
8
What does not affect how much you get paid?
How Necessary
Education
Appearance
Skill Level
9
Which is not one of the parts of a budget?
Expenses
Commission
Savings
Income
10
What are the 3 ways a person can be compensated for work?
Savings, Commission, Income
Salary, Expenses, Income
Wage, Salary, Commission
Income, Expenses, Savings
11
How can you avoid debt?
Save Money
Use Credit Wisely
Make a budget
Know your income
12
Money earned as a percentage of a sale or service
Interest
Credit
Savings
Commission
13
What a person earns from hourly work
commission
expenses
wage
credit
14
Which is a need?
Water
Jordan Shoes
Netflix
Fortnite
15
Money owed
Interest
Credit
Expenses
Debt
16
Financial responsibilities, such as bills.
Income
Credit
Saving
Expenses
17
A plan for spending and saving one's income
Expenses
Budget
Salary
Credit Cards
18
How can debt be a good thing?
It is never a good thing
Using loans and not planning to pay it back
Late Credit Card Payments
Student Loans / Business Loans
19
Which is not a savings strategy?
Invest in Real Estate
Credit Cards
Piggy Bank
Savings Account
20
Which is a want?
iPhone 8 Plus
Shelter
Clothing
Food
21
What is an ADVANTAGE of using a credit card?
None of these
Spend more than you have
Build debt
Build good credit history
22
A loan of money
interest
credit
savings
debt