Name: ___________________________Date: ______________ Class: ____________________
World Studies for Georgia Students-Grade 6
Chapter 16: Personal Finance
Section 1: Spending Your Money
Guided Reading
Instructions: Read the section and complete each item with words from
the passages in this section.
1. The money an individual obtains is called _________________.
2. __________________ are the spending of some or all of that money for various
purposes.
3. Some income may be spent for basic _______________, including food,
clothing, and shelter.
4. Expenses can also be for _________________items or services not
absolutely necessary, but desired.
5. A _________________ expense is when the expense costs the same every
month, like a car loan payment or rent.
6. A _________________ expense is when the expense costs different amounts
every month, like the grocery bill.
7. People with a regular income usually _________________ some of their
money in a checking account at a bank or credit union so they can pay their
expenses.
8. A check that is not backed up by enough money is known as an
___________________, or a “bounced check.”
9. The best way to manage money is to have a ________________, or plan for
how money will be used.
10. The most important rule is that amounts for expenses should never be
__________________ than the amount of income.
Name: ___________________________Date: ______________ Class: ____________________
World Studies for Georgia Students-Grade 6
Chapter 16: Personal Finance
Section 1: Spending Your Money
Guided Reading
11. Another use, or purpose, of money is for __________________ giving to help
other people.
12. The act of giving money for charitable purposes is called
___________________.
Name: ___________________________Date: ______________ Class: ____________________
World Studies for Georgia Students-Grade 6
Chapter 16: Personal Finance
Section 2: Saving and Investing Your Money
Guided Reading
Instructions: Read the section and complete each item with words from
the passages in this section.
1. ___________________ or investing money means that, rather than spending all
income on goods and services now, some income is budgeted for something
that will bring a future benefit or will earn more money.
2. A ___________________ account usually pays a small amount of interest on
the amount deposited.
3. ___________________ is money paid regularly by the bank to the account
holder for money being saved.
4. Saving can also be a way of achieving a _________________ goal.
5. An _____________________ is money spent on something with the goal of
making a profit (more money).
6. __________________ investments involve putting money into things like
stocks and bonds as a way to make money in the future.
7. _________________ investment involves putting money into something
physical such as real estate (land or a house) or equipment.
8. Investments can be beneficial, but they can also be _________________.
9. Safer investments do not earn as much _________________, but they guard
against loss.
10. One safe investment is a bank’s ____________________ of deposit (CD).
11. Another type of investment is a _________________.
12. ___________________ are another type of investment. A corporation issues
shares of _______________ (ownership shares in the company) to raise money.
Name: ___________________________Date: ______________ Class: ____________________
World Studies for Georgia Students-Grade 6
Chapter 16: Personal Finance
Section 2: Saving and Investing Your Money
Guided Reading
13. Stocks can be very _________________; if a company goes out of business,
investors can lose everything they invested.
14. __________________ funds are usually safer than individual stocks. A mutual
fund puts together money from many investors and buys many different
_________________ and bonds.
15. __________________ funds are managed by professionals who charge
investors a fee for managing their accounts.
16. These investments are also good for the overall __________________ because
investment is what enables businesses to become established, to expand, and to
grow.
Name: ___________________________Date: ______________ Class: ____________________
World Studies for Georgia Students-Grade 6
Chapter 16: Personal Finance
Section 3: Credit
Guided Reading
Instructions: Read the section and complete each item with words from
the passages in this section.
1. ___________________ is an arrangement by which a buyer can take
possession of something now and pay for it in the future, usually with interest.
2. Credit enables __________________ to start up and expand.
3. Common forms of consumer credit include personal loans,
_____________________ (home loans), and credit cards.
4. Taking out a loan or buying something on credit can cause a financial
___________________ if a person borrows or spends too much.
5. The lender keeps a claim to the _______________, or ownership, of a car or
house until the entire debt is paid. If the buyer fails to make payments, the
lender can __________________ (take possession of) the item.
6. It is best to pay the ________________ amount owed when the credit card bill
arrives. Making just the _________________ payment each month can lead to
additional debt and can cause financial ruin.
7. Making payments on time and in full is important to a person’s credit
________________.
8. Based on credit history, each individual earns a credit ________________ (a
number assigned to a person that indicates his or her capacity to repay a loan).
9. Financial institutions and businesses check credit ________________ to decide
whether or not a person qualifies for a loan or a credit card and, if so, how
much
_________________ that person deserves.
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