Budget (derived from Nearpod.com)

A _______________________ is a plan for how income is spent and saved.

• list

• sales tax

• credit card

• budget

Why is budgeting important?

• It will help you spend all of your money.

• It will help you save money

• It will help you buy the most expensive thing.

A reason that people keep a budget is _____________.

• to buy items with credit cards

• to reach financial goals

• to spend more money than you earn.

Which of the following should go into the income section of the budget?

• spending all of your money on designer clothes

• spending money on groceries

• money received as a birthday gift

Which of the following is considered as income?

• the amount of money you earn

• the amount of money you spend

• the amount of money you save

What is an expense?

• money that someone gives you

• money you put into a savings or checking account

• money that you have to spend on something.