Balancing 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.RI.4.2

CCSS.RI.5.2

CCSS.RI.6.2

CCSS.RL.5.2

CCSS.RL.6.2

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

• True
• False

Tags

CCSS.RI.4.2

CCSS.RI.5.2

CCSS.RL.5.1

CCSS.RL.5.2

CCSS.RL.6.1

Paying with a ______ _____ takes cash of your checking account.

• Credit card
• Debit Card
• Gift Card

Tags

CCSS.RI.4.5

CCSS.RI.5.3

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

What are variable expenses

• Expenses that stay the same

• Expenses that change

What does a coupon help with?

• Pay extra money

• Save money

• Doesn't help at all

Tags

CCSS.7.RP.A.3

What might be included in your utilities at an apartment?

• Heat

• Couch

• Car

• College

What two things does a budget compare?

• Income and Expenses
• Savings and Interest
• Income and Investments
• Expenses and Expenditures

Which is an example of a fixed expense?

• Cell Phone
• Utility bill
• Groceries
• Gasoline

Variable expenses may not be the same every month.

• True
• False

Tags

CCSS.7.EE.B.4

When you set a budget, you should never revisit or adjust it.

• True
• False