Three Types of Budget

Putting money aside to have it when you need it 

• Investing
• Owing
• Loaning
• Saving

The budgeting process starts with tracking current spending.

• True
• False

A plan for dividing your income into income and expenses?

• Bank Statement
• Budget
• Savings Account
• Checking Account

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. 9-10.9

CCSS.RI.11-12.9

CCSS.RL.11-12.2

CCSS.RL.8.2

CCSS.RL.9-10.2

Having enough money to cover all your expenses mean you have ____

• Debt
• Balanced Budget
• Uneven Budget

Ms. Vonn’s monthly budget is shown in the chart. She receives two paychecks per month. Ms. Vonn’s budget is balanced every month. How much is Ms. Vonn’s monthly car payment?

• $2,400

• $300

• $500

• $2,100

Tags

CCSS.7.NS.A.3

An estimate of income and expenditure for a set period of time

• budget
• anticipated income
• unanticipated income
• discretionary income

This is any excess of spending over income.

• Variable spending

• Deficit

• Surplus

• Spending

This is any excess of income over spending.

• Variable spending

• Deficit

• Surplus

• Spending

If you budget, you don't just spend or save, you plan your _____ .

• responsible

• expenses

• poor

• rich

Tags

CCSS.RI.11-12.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.8.4

CCSS.RL.9-10.4