2nd Venture lesson 1 8th

What is a budget?

• Something that lets you spend all of your money

• A bank account that saves your money

• Helps to figure out how to spend wisely to save for future goals

What would be a fixed expense?

• Groceries

• Utility Bills

• Makeup/Video Games

What is a variable expense?

• Costs that change over time, depending on what you are purchasing

• Costs that are semi-consistent

• this does not exist

Income would be known as:

• What you spend

• Someone yelling "incoming!"

• A paycheck

An expense is:

• Items that are expensive

• Money that is handed to you

• Something that costs you money

Taxes are given to:

• The Government

• Your Family

• Your Car

What is an entrepreneur?

• someone who makes crafts

• A person who starts a business

• A rich individual

What is the definition of startup capital?

• Money that you spend on what you want

• Capital buildings across the U.S.

• Money that is spent on necessities to start your business

Items that you CANNOT live without is known as...

• A Need

• A Want

• An Antique

Items that you CAN live without is known as...

• A Need

• A Want

• A Luxury