Budgeting

Front

Which is MORE important to budget for- needs or wants?

Back

needs

Front

Which one of the following is a NEED? AirPods, food, Netflix, Hulu

Back

food

Front

Which of the following is a WANT? food, water, TV, shelter

Back

TV

Front

Emma makes $300 each paycheck and is paid twice a month. Can she afford to pay for an apartment that charges $700 rent?

Back

no

Front

You want to be spending ____ than what you are making.

Back

less

Front

How many paychecks should you budget for every month?

Back

2

Front

Fixed expenses

Back

Expenses that remain the ssame month after month EX: mortgages, rent, car payments insurances

Front

Variable expenses

Back

Expenses that increase/decrease monthly/yearly EX: Utilities, food, entertainment, internet, TV provider

Front

Gross Income

Back

Income from all sources before deductions such as retirement, health insurance, federal, state, and local taxes, etc

Front

Net pay

Back

Income after all deductions have been paid