50% Needs, 30% Wants, 20% Savings
Budgeting Basics Vocabulary Review

Flashcard
•
Financial Education
•
7th Grade
•
Hard
Terese Nelson
FREE Resource
Student preview

15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Back
The way income is used or divided up in the "50/20/30 Rule" of budgeting.
2.
FLASHCARD QUESTION
Front
Cell Phone/Tablet
Back
An example of a want for a younger child but possibly a need for a teen with a job? Options: Cell Phone/Tablet, New Game System, or a Spotify Account?
3.
FLASHCARD QUESTION
Front
Allowance
Back
Money a child or teen receives on a regular basis from their parents, possibly for doing chores.
4.
FLASHCARD QUESTION
Front
Wants
Back
Things you would like to have, that would make life better or easier, but are NOT NECESSARY for your survival, well-being, or success.
5.
FLASHCARD QUESTION
Front
Expenses
Back
Anything you have to pay for, such as rent, electricity, gas, phone, and groceries.
6.
FLASHCARD QUESTION
Front
Savings
Back
Money that is not spent but rather set aside for future short- or long-term goals or emergencies.
7.
FLASHCARD QUESTION
Front
Bills
Back
Debts you owe for goods (e.g., food, games, or clothes) or services (e.g., a haircut) that you are expected to pay.
Create a free account and access millions of resources
Similar Resources on Quizizz
11 questions
Budgeting

Flashcard
•
7th Grade
13 questions
Personal Finance

Flashcard
•
7th Grade
15 questions
Financial Literacy Vocabulary - 7 Math STAAR

Flashcard
•
7th Grade
10 questions
Budgets

Flashcard
•
6th Grade
10 questions
Personal Finance Vocabulary

Flashcard
•
6th Grade
10 questions
Personal Finance Vocab Review

Flashcard
•
6th - 8th Grade
11 questions
Finance

Flashcard
•
6th - 8th Grade
12 questions
Personal Finance

Flashcard
•
7th Grade
Popular Resources on Quizizz
15 questions
Multiplication Facts

Quiz
•
4th Grade
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
40 questions
Week 4 Student In Class Practice Set

Quiz
•
9th - 12th Grade
40 questions
SOL: ILE DNA Tech, Gen, Evol 2025

Quiz
•
9th - 12th Grade
20 questions
NC Universities (R2H)

Quiz
•
9th - 12th Grade
15 questions
June Review Quiz

Quiz
•
Professional Development
20 questions
Congruent and Similar Triangles

Quiz
•
8th Grade
25 questions
Triangle Inequalities

Quiz
•
10th - 12th Grade
Discover more resources for Financial Education
25 questions
SS Combined Advisory Quiz

Quiz
•
6th - 8th Grade
6 questions
Earth's energy budget and the greenhouse effect

Lesson
•
6th - 8th Grade
36 questions
SEA 7th Grade Week 3 Review FINAL 2025

Quiz
•
7th Grade
20 questions
Multiplying and Dividing Integers

Quiz
•
7th Grade
15 questions
Fast food

Quiz
•
7th Grade
10 questions
Area and Circumference of a Circle

Quiz
•
7th Grade