Types of spending

What is something that is discretionary?

• Money that is supposed to go to savings.

• Something that is not needed or a "want".

• Something needed in order to live.

• Something that you have to save up for.

What is an essential item or a "necessity"?

• Something you need to pay or buy in order to survive.

• Something you want to have.

• Something that cost too much.

• Something that is not necessary.

What is a goal?

• Something that you have to pay every month.

• Money that you have left over after you pay your bills.

• Something you dream about but you can't afford.

• Something you want and you need to save up for.

Which is an essential item or a 'necessity'?

• Iphone

• Food

• Comics

• Sticker

Which is 'discretionary'?

• Comics

• Water

• Food

• Clothes

Do not buy things that you cannot ___________

• need
• save
• afford
• want

Pravin has a _____ to help him to spend wisely,

• save
• budget
• money
• food

Select all the items that are essential.

• Rent

• Disneyland

• Garbage bill

• Health Insurance

• lottery tickets

Select all the items that can be goals.

• Rent

• Buying a house.

• Saving for college.

• buying a car.

• Buying groceries

Select all the items that are discretionary.

• dog food

• Jamba Juice

• gas for your car

• lottery tickets

• Starbucks