Which of these is an example of income for a Grade 5 student?
Explanation:
Allowance for helping at home is income. You are learning so well!
Which of these is an example of an expense?
Explanation:
Buying school supplies is an expense because money is going out. Wonderful!
Why is it important to track your income and expenses?
Explanation:
Tracking helps you make smart decisions about saving and spending. You are becoming a smart money manager!
What is a simple budget?
Explanation:
A budget is a plan that shows your income and planned expenses. Great!
Which is a good example of balancing income and expenses?
Explanation:
Spending less than or equal to your income helps you avoid problems. Excellent habit!
Allowance is an example of...
Explanation:
Allowance is money you receive as income. Wonderful!
Buying lunch at school is an example of...
Explanation:
It is an expense because you are spending money. You are learning so well!
What is the best reason to track expenses?
Explanation:
Tracking helps you make wise choices. You are a clever money manager!
Which is a fixed expense that happens regularly?
Explanation:
Lunch money or bus fare is a regular expense. Great example!
You earn $20 from chores and want to buy a $12 game. How much will you have left to save?
Explanation:
$20 - $12 = $8 left. Excellent planning!
