IM - Balancing a Budget

Which of the following is NOT classified as a spending need?

• Electricity bill

• Rent for a home

• Movie tickets

• Grocery bill

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.7.2

CCSS.RI.8.2

CCSS.RL.7.1

CCSS.RL.7.2

CCSS.RL.8.1

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

• Need 
• Want

Tags

CCSS.RL.11-12.6

What is percent of her budget is her rent?

• 10%
• 20%
• 30%
• 40%

Rent/Mortgage

• Fixed Expense
• Variable Expense

Gas

• Fixed Expense
• Variable Expense

If you are buying groceries at the store and want to use the cash in your bank account, you should pay with your ______

• Debit card
• Credit Cart
• Gift Card
• Cash