Unit 5: Budgets Intro

Unit 5:

Budgets​

Personal Finance

Miss Danes

TSAS​

Open Ended

Question of the day:

You're trying to show off your cooking skills - what do you make?

Vocab

Unit 5 Budgets​

Multiple Choice

a tax imposed on certain goods and services

• budget

• fixed expense

• variable expense

• excise tax

• income

Multiple Choice

an expense that is regularly scheduled, predicted

• budget

• fixed expense

• variable expense

• excise tax

• income

Multiple Choice

an expense that is not regularly scheduled, unpredictable

• budget

• fixed expense

• variable expense

• excise tax

• income

Multiple Choice

an expense that is occurs in predictable amounts and intervals

• budget

• fixed expense

• variable expense

• periodic expense

• income

Multiple Choice

the amount of money a person makes

• budget

• fixed expense

• variable expense

• excise tax

• income

Multiple Choice

an estimate of amounts paid and amounts spent

• budget

• fixed expense

• variable expense

• excise tax

• income

Open Ended

What does it mean to "live below your means"?

Types of Expenses

Multiple Choice

Car payment, car insurance, rent, mobile phone plan are examples of

• fixed expenses

• variable expenses

• periodic expenses

Multiple Choice

cell phone purchase, electricity, groceries, & car repairs are examples of

• fixed expenses

• variable expenses

• periodic expenses

Multiple Choice

property taxes, car registration, and excise tax are examples of

• fixed expenses

• variable expenses

• periodic expenses

​Pass Out Notes

Monthly Net Income vs Housing

Multiple Choice

Is Annie overspending on housing?

• Yes

• No

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Monthly Net Income vs Food, Clothes, & Entertainment

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Building a Budget

Tomorrow​