Budgeting Grade 6

An amount of money owed for goods or services

• Bills

• Credits

• Deposits

• None of the Above

Things you have to have; these are essential

• Wants

• Needs

• Options

• None of the Above

Things you would like to have; they are not absolutely necessary, but they would be nice to have

• Needs

• Wants

• Bonuses

• None of the Above

Money received on a regular basis

• Income

• Expenses

• Biils

• Credit

The cost required to pay for something

• Income

• Expenses

• Credit

• Budget

Putting aside money for future use

• Checking

• Savings

• Bills

• Interest

A tax on the income of a person or business

• Sales tax

• Income tax

• Social Security tax

• Property tax

A breakdown of your income and expenses for a set period of time

• Savings Account

• Checking Account

• Budget

• Summary

The amount of money you recieve in your paycheck after any deductions or taxes are taken out

• Gross Pay

• Net Pay

• Credit

• Debit

A document that is given to a worker with each paycheck and that shows the amount of money earned and the amount that was removed for taxes

• Credit Card Statement

• Savings Account Statement

• Checking Account Statement

• Pay Stub