Budgets

Which of the following is an example of a need for most people?

• A place to live
• A nice car
• Designer jeans

Tags

CCSS.RL.5.2

CCSS.RL.6.2

CCSS.RL.7.2

CCSS.RL.8.2

CCSS.RL.9-10.2

It's important to spend money on things you need before spending money on things you want.

• True
• False

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.6.2

CCSS.RL.7.1

CCSS.RL.7.2

The total amount of earnings before any deductions are taken out

• Gross Pay

• Net Pay

• After-tax Income

• Yucky Pay

Tags

CCSS.7.RP.A.3

Net income is:

• the total amount of money you earn
• the amount of money you receive after deductions are subtracted from your gross income
• the amount of money that is taken away in the form of taxes
• the hourly rate of pay

Tags

CCSS.7.RP.A.3

Preparing a budget includes

• Income, Expenses, Saving
• Only listing your expenses
• Only listing your debts
• Only listing your income

Tags

CCSS.HSA.CED.A.2

CCSS.HSA.CED.A.3

CCSS.HSA.SSE.A.1

Examples of Fixed Expenses include:

• Mortgage, loans, rent
• Cable, entertainment, food
• Gas, food, phone
• Clothing, gas, food

Car Payment

• Fixed Expense
• Variable Expense

Fixed or variable expense: Groceries

• Fixed

• Variable

Fixed or variable expense: Rent?

• Fixed

• Variable

Utilities

• Fixed Expenses
• Variable Expenses