Budgeting

Front

What are costs like rent, electricity, and groceries called?

Back

Expenses

Front

What do we call things we would like to have but are not necessary?

Back

Wants

Front

What is the money you receive from your parents for doing chores called?

Back

An Allowance

Front

What became a need for students during Online Remote Learning?

Back

Wifi access

Front

What is money set aside for future goals or emergencies called?

Back

Savings

Front

What is the difference between needs and wants?

Back

Needs are essential for survival, while wants are not necessary.

Front

What is a budget?

Back

A plan that outlines how to spend and save money.

Front

Why is it important to save money?

Back

To prepare for future expenses and emergencies.

Front

What is an example of a need?

Back

Food, shelter, and clothing.

Front

What is an example of a want?

Back

A new video game or a fancy toy.