Do Now 36

My family is going on vacation this summer, so we are sticking to a ______ to save money.

• Income
• Savings
• Budget
• Expenses

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Because the amount of money I spend on gas depends on the price of gas and how much I use, it is considered a...

• Fixed Expense
• Variable Expense
• Discretionary Expense
• Income

Tags

CCSS.3.OA.D.9

Daycare can be very expensive! My friend pays $972 every month for her 3 year old daughter. 
This is considered a

• Fixed Expense
• Variable Expense
• Discretionary Expense
• Income

Tags

CCSS.6.RP.A.3D

If an expense can be cut from your budget to save money, it is considered a ______.

• Income
• Want
• Need
• Savings

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

If an expense can not be cut from your budget to save money, it is considered a _____.

• Income
• Want
• Need
• Savings

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

The first thing to consider in a budget is your "Income"

Income is:

• Money you spend

• Money that you receive (paycheck, benefits, allowance)

• Expensive items you want to buy

• Taxes

Things that you SPEND money on are called

• Income

• Taxes

• Expenses

• Outcome

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

"Fixed" expenses are expenses that

• Do not change

• Change every month

"Flexible" Expenses

• Change from month to month

• Stay exactly the same

With an "Income" your paycheck is usually not the exact amount that you earned. This is because most people have to pay ______

• For food

• Taxes

• For clothes

• For expensive items