budgeting

budgeting

Assessment

Flashcard

Social Studies

12th Grade

Hard

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20 questions

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1.

FLASHCARD QUESTION

Front

A plan for future spending and saving, weighing estimated income against estimated Expenses.

Back

Budget

2.

FLASHCARD QUESTION

Front

Total monthly income

Back

Income from all possible sources.

3.

FLASHCARD QUESTION

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.

4.

FLASHCARD QUESTION

Front

Needs

Back

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

5.

FLASHCARD QUESTION

Front

Total Expenses

Back

Expenses that equal all the fixed expenses and variable expenses

6.

FLASHCARD QUESTION

Front

Pay Stub

Back

Hard or electronic copy of earnings that show all deductions and results in net pay

7.

FLASHCARD QUESTION

Front

Fixed expenses

Back

Expenses that remain the ssame month after month EX: mortgages, rent, car payments insurances

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