Money Management and Budgeting

Future Consequences are

• 
  the delayed results of the choices you make.

• the immediate results of the choices you make.

Present consequences are

• the delayed results of the choices you make.

• the immediate results of the choices you make.

An (a)   is the money earned from working or investing.

______ is the term for the money spent on something.

• expenditures

• income

• savings

• taxes

(a)   is what we don't spend or the money we have left over after spending.

We can describe the term budget, as a (a)   plan.

Choose the example of a "want"

• a double cheeseburger, large fry, and natural made strawberry lemonade

• a place to live

• a car to drive

• water and air

Choose an example of a "need"

• a car for transportation

• McDonald's meal

• Eating at Red Lobster

• Going to Recoil

Which is NOT an example of being responsible?

• Creating a monthly budget to track spending.

• Setting aside money from your paycheck to save up for a house.

• Paying all your bills and saving the remaining money for emergencies.

• Spending $300 on a pair of shoes.

Which is an example of being responsible?

• Saving money from each paycheck to save for an emergency.

• Spending more money than you have earned.

• Paying all your bills, and using the other money to buy a video game.

• Overspending on shoes and clothes.