Budgets

A plan on how to spend and save money

• Saving

• Spending

• Budget

• Income

Money that comes from outside sources such as a job or career

• Income

• Wage

• Salary

• Investments

A _______ makes an effective personal money management tool to live within one's income.

Basic needs that a household must pay for such as housing, groceries, healthcare, utilities, etc.

• Spending

• Saving

• Expenses

• Budget

Setting money aside to use in the future

• Budget

• Expense

• Income

• Saving

Because income is _______, a household needs to have a plan on how to spend the income.

Which of the following is not a basic need?

• food

• utilities

• vacation

• housing

A detailed budget will include _______, expenses and savings.

• salary

• retirement

• wage

• income

It is not important to consider saving money for the future.

• True

• False

Where does the money come from for a household to survive on a monthly basis?

• Emergencies

• Income

• Expenses

• Savings