Budget basics

Flashcard
•
Mathematics
•
9th - 12th Grade
•
Hard
+19
Standards-aligned
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a budget?
Back
A budget is a plan for managing your money. It compares how much you earn (make) to how much you spend.
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.5
CCSS.RI.9-10.3
CCSS.RI.9-10.5
2.
FLASHCARD QUESTION
Front
True or False: A budget helps you save money for the things you really want.
Back
True
Tags
CCSS.RI.11-12.3
CCSS.RI.11-12.5
CCSS.RI.8.3
CCSS.RI.9-10.3
CCSS.RI.9-10.5
3.
FLASHCARD QUESTION
Front
True or False: A budget is not a helpful tool.
Back
False
Tags
CCSS.RI.11-12.7
CCSS.RI.8.7
CCSS.RI.9-10.7
CCSS.RL.11-12.7
CCSS.RL.9-10.7
4.
FLASHCARD QUESTION
Front
What does income refer to?
Back
Income is all the money you earn (make) over a period of time, usually a month.
5.
FLASHCARD QUESTION
Front
What is the purpose of creating a budget?
Back
The purpose of creating a budget is to manage your finances effectively by tracking income and expenses.
6.
FLASHCARD QUESTION
Front
What are fixed expenses?
Back
Fixed expenses are costs that do not change from month to month, such as rent or mortgage payments.
Tags
CCSS.RI.11-12.4
CCSS.RI.7.4
CCSS.RI.8.4
CCSS.RI.9-10.4
CCSS.RI.9-10.4
7.
FLASHCARD QUESTION
Front
What are variable expenses?
Back
Variable expenses are costs that can change from month to month, such as groceries or entertainment.
Tags
CCSS.7.NS.A.1C
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