Budgeting Money

What is a budget

• Another way to do a grocery list

• A tax paper that charges you

• written plan for spending your money wisely

• The money that you earn

Income

• regular expenses you cannot avoid

• expenses that vary from time to time

• A written plan for spending your money

• The money you earn

Expenses

• The way you spend your money

• A written plan for spending your money

• The money you earn

• NOT THIS ONE

Fixed Expenses

• expenses that vary from time to time

• regular expenses you cannot avoid

• A written plan for spending your money

• The money you earn

Flexible Expenses

• regular expenses you cannot avoid

• expenses that vary from time to time

• A written plan for spending your money

• The money you earn

Savings Account

• An amount of money paid to you for the use of your money.

• Allows you to borrow money and pay it back later. You pay interest if you don't pay it back

• Keeps your money safe, and lets you pay bills and purchase items. (Checks/Debit Cards).

• where you keep your money at a bank that gains INTEREST

Checking Account

• where you keep your money at a bank that gains INTEREST

• Keeps your money safe, and lets you pay bills and purchase items. (Checks/Debit Cards).

• An amount of money paid to you for the use of your money.

• Allows you to borrow money and pay it back later. You pay interest if you don't pay it back

Credit Cards

• Allows you to borrow money and pay it back later. You pay interest if you don't pay it back

• An amount of money paid to you for the use of your money.

• Keeps your money safe, and lets you pay bills and purchase items. (Checks/Debit Cards).

• where you keep your money at a bank that gains INTEREST

Interest

• Allows you to borrow money and pay it back later. You pay interest if you don't pay it back

• Keeps your money safe, and lets you pay bills and purchase items. (Checks/Debit Cards).

• An amount of money paid to you for the use of your money.

• where you keep your money at a bank that gains INTEREST

ATM (Automated Teller Machine)

• Allows you to make deposits, withdraw money without going to the bank

• A 4 digit number that only you know to get access to your account

• When you put money into your bank account

• When you take money out of your bank account