Budgeting

A _____ is something that is necessary for humans to live a healthy life an example could be food, water, medical, housing, clothing

• Need 
• Want

Tags

CCSS.RI.3.2

CCSS.RI.4.2

CCSS.RI.5.2

CCSS.RL.4.1

CCSS.RL.5.2

A ______ is something that is desired e.g. computer, holiday, car, cell phone

• Need 
• Want

Tags

CCSS.RL.11-12.6

If you want to be successful with your finances, you have to budget.

• True

• False

Which of the following is not considered income?

• A paycheck

• A gift of money

• An allowance

• Interest paid on a loan

When you are making payments on a car and/or house you have a _____.

• Withdraw
• Bankruptcy
• Debt
• Overdraw

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

It is safer to keep your money here than at home under your mattress.

• Balance
• Want
• Inflation
• Bank

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

When getting a loan for a car, the ____ is an additional fee you will have to pay back.

• Fixed Expense
• Discretionary Expense
• Inflation
• Interest

Tags

CCSS.7.RP.A.3

When I use my debit card at the store, the money is automatically taken out of my ______ account.

• Savings
• Checking
• Inflation
• Withdraw

Tags

CCSS.RI.3.10

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

You should keep track of your spending because if you spend more money than you have in your bank account it is considered a _______ and usually will cause a fee.

• Balance
• Withdraw
• Bankruptcy
• Overdraw

We are planning to go on vacation next summer, so I transfer money every month to my ______ account.

• Discretionary Expense
• Checking
• Savings
• Variable Expense