Intro Budget Unit

A plan for your estimated income, expenses, and savings.

• Credit Rating

• Budget

• Bankruptcy

• Financial Goals

Which of the following is NOT a need?

• Food
• Clothes
• Netflix
• Shelther

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

• Need 
• Want

Allowance, wages, tips, and interest earned over time are 

• Income
• Savings
• Fixed Income
• Budget

Gasoline

• fixed expense
• expected expense
• unexpected expense
• variable expense

Rent/mortgage

• fixed expense
• unexpected expense
• variable expense
• anticipated income

Entertainment

• fixed expense
• unexpected expense
• unanticipated expense
• variable expense

Car payment

• fixed expense

• unexpected expense

• variable expense

• anticipated income

Any money you receive such as an allowance or paycheck

• Income

• Fixed Expense

• Opportunity Cost

• Emergency Fund

Setting aside money to have on hand for unexpected expenses and events

• Income

• Emergency Fund

• Variable Expense

• Cash Flow