Budget

People create and keep a personal budget to help them _____.

• set and reach financial goals

• apply for loan

• buy anything they want

• earn promotions at work

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CCSS.RL.9-10.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RI.7.2

For which item would someone most likely need to save money in order to

purchase?

• a washing machine

• a tub of ice cream

• dinner for two

• a pair of socks

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CCSS.6.EE.B.7

Which of the following are considered variable expenses? (You can choose more than one.)

• Magazine subscription

• Electricity

• Insurance coverage

• Clothing

• Recreation and vacation

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CCSS.6.NS.C.8

Which of the following are considered fixed expenses? (You can choose more than one.)

• Cable subscription

• Electricity

• Insurance coverage

• Rent

• Medical fees

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CCSS.HSF-LE.A.1B

Which of the following are considered WANTs? (You can choose more than one.)

• Concert tickets

• Water

• A new pair of shoes

• Rent

• Medical fees

Which of the following are considered NEEDs? (You can choose more than one.)

• Airpods

• Water

• A new pair of shoes

• Food

• Playstation 5

Find the savings amount Gavel needs to set aside each month to be able to afford a phone worth ₱22,500 in 6 months.

The following could be considered long-term financial goals, except:

• College tuition fee

• Retirement

• Dinner date for two

• Real estate

Cherry recorded the following as her transportation expense.

Feb - ₱2,550

Mar - ₱2,810

Apr - ₱2,608

Find her monthly average expense for transportation.

Which of the following statements about money is false?

• Money can buy happiness.

• Money is a tool.

• Everyone needs money to purchase goods.

• A penny saved is a penny earned.

Tags

CCSS.RL.9-10.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RI. 9-10.9

CCSS.RL.8.2