Budget Review

A plan for how you spend and save your money

• Budget

• Burrito

• Net Pay

• Overspend

Income after taxes are deducted

• Estimate

• Net Pay

• Overspend

• Need

An educated guess

• net pay

• estimate

• want

• need

When you spend more than you budget for

• overspend

• expense

• budget

• want

Something you need to pay for

• expense

• want

• need

something you must have to survive

• want

• need

• expense

something you would like to have

• want

• need

• expense

What operations are most common when working with your budget?

• multiplication/division

• addition/subtraction

You were just hired at Chipotle and will be making minimum wage ($8.70). If you work 20 hours this week, how much will your gross pay be?

• $56

• $74

• $174

To find out the percentage of their total income someone spent, what operation do you use?

• multiplication

• division

• addition

• subtraction