Budgeting

Front

^Wants

Back

Things or items that a person would like to own or purchase that is not necessary for life; Ex. entertainment, video games, etc.

Front

Budget

Back

Is a spending plan for managing your money that includes income and expenses

Front

Total monthly income

Back

Income from all possible sources.

Tags

CCSS.6.NS.B.3

Front

Needs

Back

Necessary items that are paid monthly./yearly such as food, housing, transportation, utilities, & Insurance

Front

If an expense can NOT be removed from your budget to save money, it is considered a _____.

Back

Need

Tags

CCSS.L.11-12.6

CCSS.L.8.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.9-10.2D

Front

Preparing a budget includes

Back

Income, Expenses, Saving

Front

Medical care is an example of a ______

Back

Need

Tags

CCSS.RL.11-12.6

CCSS.RL.6.3

CCSS.RL.7.3

CCSS.RL.8.3

CCSS.RL.9-10.3

Front

A vacation is an example of a _________

Back

want

Tags

CCSS.L.1.6

CCSS.L.3.6

CCSS.L.4.6

CCSS.RL.1.4

Front

What two things does a budget compare?

Back

Income and Expenses

Front

If your net income is $5400, how much should you budget for needs according to the 50/30/20 rule?

Back

$2700

Tags

CCSS.6.RP.A.3B