IXL | Classify financial decisions

Read the passage about a person making a financial decision.

Megan bought a smoothie after soccer practice today. She paid $6 for the smoothie.

In this passage, Megan

earned income

spent money

gave to charity

earned income

saved money

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Learn with an example

question

Read the passage about a person making a financial decision.

Mona found a $20 bill on the ground. She decided to give it to a group called Coats for Kids. The group will use the money to help buy coats for children in need.

In this passage, Mona

earned income

used credit

gave to charity

saved money

key idea

A person earns income when they get paid for doing work.

A person spends money when they buy something with money they have.

A person saves money when they set aside money to use later instead of spending it now.

A person uses credit when they borrow money to pay for something now and must pay back the money later.

A person gives to charity when they donate money to help others.

solution

In this passage, Mona gave to

charity.

She donated money to buy coats for children in need.

$Confetti$

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