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

Flashcard
•
Social Studies
•
12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
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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