4.4.1 Quizizz: Budgeting Essentials

A budget has two basic components: ​ (a)   , money you ​ (b)   or receive, and ​ (c)   , money you ​ (d)   .

• Income
• Earn
• Expenses
• Spend
• Budget
• Paycheck

​ (a)   include costs like ​ (b)   for an apartment, car payments, ​ (c)   , and interest on college loans. These expenses are the ​ (d)   every month, allowing people to calculate how much they will have to ​ (e)   over a certain period of time.

• Budget
• Paycheck
• Fixed Expenses
• Rent
• health insurance premiums
• Same
• spend
• Variable Expenses
• Different

Tags

CCSS.4.MD.B.4

​ (a)   are difficult or even impossible to ​ (b)   . Variable expenses include one-time costs such as a visit to the doctor and other ​ (c)   expenses. Other variable expenses are both regular and ​ (d)   , such as utility bills.

• Fixed Expenses
• Variable Expenses
• Different
• Predict
• Emergency
• Changeable
• Predictable

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

If you are earning an ​ (a)   , the amount per hour you are paid is ​ (b)   , but the number of ​ (c)   you work per week is most likely variable. Therefore, your income ​ (d)   from paycheck to paycheck. This type of situation requires a person to pay careful attention to the number of hours worked and the amount of money being ​ (e)   . 

• Fixed Expenses
• Variable
• Saved
• Hourly Wage
• Fixed
• Hours
• Varies
• Spent
• Salary

Tags

CCSS.7.RP.A.2B

The ​ (a)   to budgeting your money successfully is to live within your ​ (b)   . This requires you to allocate enough money to pay your fixed and variable expenses while still ​ (c)   a small percentage of your income. If you are living within your means, your expenses do not ​ (d)   your income.

• Variable
• Saved
• Spending
• Key
• Saving
• Exceed
• Means
• Essential

Tags

CCSS.RI.11-12.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.8.4

CCSS.RL.9-10.4

Money left over after the bills are paid is referred to as _____.

• Fixed Expenses

• Variable Expenses

• Discrectionary Income

• Fixed Income

Which of the following are examples of discretionary spending? Select ALL that apply.

• Going to the Movies

• Rent

• Electric Bill

• Video Games

• Car Payment

Money which is kept in an account for later use is called _____.

• Savings

• Discretionary Income

• Interest

• Credit

Which of the following reasons states why a person SHOULD accumulate savings?

• To buy a new video game

• To pay for unforseen events

• To pay your bills

• To pay for a vacation

A BUDGET is ____.

• A comprehensive plan which brings one into unmanageable debt.

• Income

• Expenses

• A comprehensive plan of how one manages their money.

Tags

CCSS.L.2.4E

CCSS.L.3.4D

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C