Budgeting 101

Any money you receive such as an allowance or paycheck

• Income

• Fixed Expense

• Opportunity Cost

• Emergency Fund

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

A predictable amount of money spent to buy something or do something that is the exact same amount every time

• Variable Expense

• Income

• Emergency Fund

• Fixed Expense

Setting aside money to have on hand for unexpected expenses and events

• Income

• Emergency Fund

• Variable Expense

• Cash Flow

Tags

CCSS.HSA.CED.A.3

Detailed plan of how you are going to use your money to pay for things you want and need.

• Budget

• Income

• Periodic Expenses

• Cash Flow

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.RP.A.3

Payment that costs a different amount each time

• Fixed Expense

• Periodic Expense

• Variable Expense

• Income

Payments that arise periodically throughout the year less than once a month

• Variable Expesne

• Fixed Expense

• Periodic Expense

• Income

What you spend money on

• Income

• Expense

• Emergency Fund

• Cash Flow

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

How many days in a week?

• 7

• 10

• 5

• 4

How many months in a year?

• 10

• 15

• 12

• 9

Tags

CCSS.2.MD.D.9

How many days in a month on average?

• 30

• 28

• 25

• 35