UNIT 5: Budgeting & Expenses

The monetary cost of goods or services that are required to be paid in regular intervals are __________.

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

Expenses are typically paid in __________ intervals.

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.K.5A

CCSS.W.2.3

CCSS.W.3.3C

​ (a)   are tangible objects. ​ (b)   are when you pay others to do something for you. ​ (c)   is an example of a good. ​ (d)   is an example of a service.

• Goods
• Services
• Clothing
• Landscaping

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Match the term to its proper definition.

• variable

• Expenses that change from month to month.

• need

• Expenses that remain the same from month to month.

• want

• Not necessary for survival/will improve your quality of life

• fixed

• Essential/necessary for survival

Tags

CCSS.L.6.6

CCSS.L.7.6

CCSS.L.8.6

CCSS.W.6.2D

CCSS.W.7.2D

The money remaining after all of your monthly expenses have been paid is a __________.

• need

• want

• deficit

• surplus

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

When your expenses are higher than your income, you will be left with a __________.

• need

• want

• deficit

• surplus

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Match the term to its proper definition.

• spending habits

• A plan that is implemented to provide financial structure when managing your income and expenses.

• impulse shopping

• Making purchases without planning or evaluating your current or future financial situations.

• budget

• Repeated routines and practices you have around spending money on goods and services.

• emergency fund

• Money reserved for times of financial hardship. The recommended amount for this fund is three to six months worth of monthly expenses.

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Organize the expenses into their proper categories.

Groups:

(a) FIXED

,

(b) VARIABLE

• Dining out

• Groceries

• Netflix subscription

• Utilities

• Car payment

• Gas for car

• Mortgage

• Rent

Organize the expenses into their proper categories.

Groups:

(a) NEED

,

(b) WANT

• Groceries

• Mortgage

• Dining out

• Car payment

• Streaming subscription

• Utilities

• Rent

• Gas for car