Budgets

Money that your earn is called a(n)____.

• expense

• income

• debit

• credit

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

Money that you spend is called a(n)___.

• expense

• income

• debt

• profit

Using more money than you have available.

• indebting

• overindulging

• shopping sprees

• overspending

A plan for spending and saving. You must consider both income and expenses.

• budget

• banking

• hoarding

• investing

An expense that does NOT change from month to month.

• Fixed expense

• variable expense

• variable rate

• fixed variable

An expense that changes every month.

• fixed expense

• variable expense

• variable rate

• fixed variable

Something thought to be an essential item required for life (food, water, etc.)

• surplus

• want

• need

• deficit

Tags

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RL.6.4

CCSS.RL.7.4

CCSS.RL.8.4

Something unnecessary but desired. An item which increases the quality of life (video games, DVD's, etc.)

• surplus

• want

• need

• deficit

Tags

CCSS.RI.8.2

CCSS.RL.6.2

CCSS.RL.7.1

CCSS.RL.7.2

CCSS.RL.8.1

An item that is bought without previous planning or consideration of long-term effects

• impulse buy

• obsessive compulsive shopping

• sale item

• clearance

The item you gave up to purchase the item you chose.

• expensive

• unecessary

• cheap

• opportunity cost