Unit 3 Budgeting Vocabulary
Authored by Charlene Durniak
Business, Life Skills, Specialty
6th - 8th Grade
Used 28+ times
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18 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A breakdown of your income and expenses for a set period of time
Budgeting
Needs
Income
Bills
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
An amount of money owed for goods or services
Bill
Coupons
Allowance
Deduction
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things you have to have; these are essential
Needs
Wants
Gross Pay
Expenses
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Things you would like to have; they are not absolutely necessary, but they would be nice to have
Wants
Needs
Net Pay
Bills
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Money received on a regular basis
Income
Expenses
50/30/20 Rule
Budget
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The cost required to pay for something
Expenses
Savings
Income Taxes
Allowance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Putting aside money for the future
Savings
Gross Pay
Wants
Pay Stub
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