Economics Practice 10: Saving and Spending Money Exercise

Economics Practice 10: Saving and Spending Money

10 minutes 2 views 0 saves EN
Send as Assignment
Economics Practice 10: Saving and Spending Money

Explore the differences between saving money for later and spending it on immediate needs or wants.

Questions

  1. MultiChoice

    What does 'spending' money mean?

  2. MultiChoice

    What does 'saving' money mean?

  3. WordsBox

    Spending gives immediate ____ while saving builds future ____

  4. MultiChoice

    Why is it important to save part of your allowance?

  5. MultiChoice

    What is a piggy bank or savings account used for?

  6. MultiChoice

    What is a budget?

  7. WordsBox

    A budget helps you track income and ____ so you do not spend too ____

  8. MultiChoice

    What is income?

  9. MultiChoice

    If you earn $10 for doing chores and spend $4 on a snack, how much did you save?

  10. WordsBox

    When you earn money it is called ____ and when you spend money it is an ____

  11. MultiChoice

    What is an impulse purchase?

  12. MultiChoice

    Why might someone save money for several months?