Question

You respond, “Even kids benefit. One specific example is _________________________. A way that our family benefits is how _________________________. A way that our community benefits is how _________________________. “How was I supposed to know all this? I don’t have 19 cents. What do I do now?” You respond, “What you should do is create your own budget. A budget is _________________________. It lists all your _________________________ and _________________________. When you subtract _________________________ from _________________________, what is left can be a _________________________, _________________________, or it could be _________________________. The reason having a _________________________ is bad is because _________________________. “Will my budget be anything like the government’s budget?” You respond, “They have similarities and differences. Some similarities include _________________________. Some differences include _________________________.

Answer 1

You respond, “Even kids benefit. One specific example is playground, schools, and libraries. A way that our family benefits is how the government defends us. A way that our community benefits is how they get money to get the thing that they need. 

“How was I supposed to know all this? I don’t have 19 cents. What do I do now?” 

You respond, “What you should do is create your own budget. A budget is income plan. It lists all your money coming in and how much is going out. When you subtract expensive from income, what is left can be a surplus, spending money, or it could be deficit. The reason having a deficit is bad is because that means that you owe money to someone. 

“Will my budget be anything like the government’s budget?” 

You respond, “They have similarities and differences. Some similarities include how much money that you can get on a certain item. Some differences include that you are buying for yourself and not for the country.