Budgeting B184

A plan for your estimated income, expenses, and savings.

• Credit Rating

• Budget

• Bankruptcy

• Financial Goals

A _____ is something that is necessary for humans to live a healthy life an example could be food, water, medical, housing, clothing

• Need 
• Want

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.1

CCSS.RL.8.1

CCSS.RL.9-10.2

Which of the following is NOT a need?

• Food
• Clothes
• Netflix
• Shelther

Tags

CCSS.L.1.5A

CCSS.L.1.5B

CCSS.L.K.5A

A ______ is something that is desired e.g. computer, holiday, car, cell phone

• Need 
• Want

Tags

CCSS.RL.11-12.6

What is the first step in budgeting?

• Record what you spend
• Estimate your income
• Set financial goals
• Review and evaluate monthly

What percentage is recommended for savings?

• 5%
• 10%
• 20%
• 15%

Your emergency savings fund should have how many months worth of income?

• 1-2 months
• 10 months
• It doesn't matter
• 3-6 months

Allowance, wages, tips, and interest earned over time are 

• Income
• Savings
• Fixed Income
• Budget

Gasoline

• fixed expense
• expected expense
• unexpected expense
• variable expense

Rent/mortgage

• fixed expense
• unexpected expense
• variable expense
• anticipated income