Personal Budget Vocabulary

money received from work, investments, or other financial support

•  mortgage

•  expenses

•  income

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

wage, salary

•  money owed

• an individual, bank, or company who loans money

• terms for one’s work-related financial earnings

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

a plan for spending and saving one’s income

•  budget

•  expenses

• commission

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

 financial obligations, such as bills

•  saving

• commission

•  expenses

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.2.4E

This is the first step in planning a budget.

• Spend a lot of money before you budget.

• Set up a budget

• Prepare a checklist of your needs, wants and goals.

• Estimate your income for the month.

Tags

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

A type of fixed expenses that includes electricity, water, telephone, and home cable bills.

• Expenses

• Medical and Dental

• Labor

• Utilities

Tags

CCSS.L.6.6

CCSS.L.7.6

CCSS.RI.5.4

CCSS.W.5.2D

CCSS.W.6.2D

All are kinds of family expenses, EXCEPT.

• Food

• Clothes

• Utilities

• Salary

Tags

CCSS.L.K.5A

CCSS.L.1.5A

CCSS.L.1.5B

A type of expenses that come irregularly or paid in varying amounts.

• Flexible Expenses

• Fixed Expenses

• Paid Expenses

• Budgeted Expenses

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

For a budget to work, money coming in (income) must equal money going out (expenses).

• True

• False

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

phone bill

• Fixed Expense

• Variable Expense

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4