Budgeting Vocabulary

Is a spending plan for managing money during a given period of time

• debt
• expense
• budget
• fixed expense

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Expenses that do not change from month to month, such as auto insurance or rent.

• Variable Expenses
• Fixed Expenses

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

Expenses that vary from month to month, such as entertainment, car repairs, or doctor bills.

• Variable Expenses
• Fixed Expenses

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

The next best alternative given up when making a financial choice.

• Scarcity
• Opportunity Cost

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

The economic condition of limited resources that prevents people from having everything they want.

• Scarcity
• Opportunity Cost

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

To put money to use by buying a part of something, so that you may have profitable returns.

• Investing

• Interest

• Opportunity Cost

• Financial Planning

Tags

CCSS.L.11-12.6

CCSS.L.9-10.6

CCSS.W.11-12.2D

CCSS.W.8.2D

CCSS.W.9-10.2D

The making of a program to manage finances through budgeting and investment.

• Opportunity Cost

• Personal Investments

• Mortgage

• Financial Planning

Tags

CCSS.RI.9-10.4

CCSS.RI.9-10.4

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

what is the definition of Liabilities

• the debts that you owe

• a plan for using money to meet wants and needs Income cash

• the money that actually goes in and out of your wallet/ bank accounts

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

money is kept for future use.

• Income Tax

• Overdraft Fees

• Savings

• Checking

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

A decrease in the value of an asset

• Depreciation

• Appreciation

• Expense

• Deductible

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C