Budgeting

According to the 50/20/30 Rule, what category should be 50%?

• Necessities

• Savings & Debt Repayment

• Personal Items

According to the 50/20/30 Rule, what category should be 20%?

• Necessities

• Savings & Debt Repayment

• Personal Items

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

According to the 50/20/30 Rule, what category should be 30%?

• Necessities

• Savings & Debt Repayment

• Personal Items

Tags

CCSS.7.RP.A.3

Which topics are part of the Savings & Debt Repayment category?

• Student Loans

• Credit Cards

• Emergency Funds

• Debit Cards

• Retirement

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Which topics are NOT part of the Necessities category?

• Housing

• Vacations

• Transportation

• Cell Phone

• Groceries

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

Which topics are part of the Personal Items category?

• College

• Clothes

• Utilities

• Entertainment

• Gym Membership

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Income is...

• money paid to the government.

• money earned from a paycheck.

• money borrowed from the bank.

• money you pay to borrow money.

Credit is...

• money paid to the government.

• money earned from a paycheck.

• money borrowed from the bank.

• money you pay to borrow money.

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

Taxes are...

• money paid to the government.

• money earned from a paycheck.

• money borrowed from the bank.

• money you pay to borrow money.

Tags

CCSS.7.RP.A.3

Interest is...

• money paid to the government.

• money earned from a paycheck.

• money borrowed from the bank.

• money you pay to borrow money.

Tags

CCSS.7.RP.A.3