CBL Budgeting Vocab Quiz

An amount of money owed for goods and services

• Bills

• Saving

Things you have to have - these things are essential to life

• Wants

• Needs

Things you would like to have - these things are not absolutely necessary, but they would be nice to have

• Wants

• Needs

Money received on a regular basis

• Income

• Expense

The cost required to pay for something

• Income

• Expense

Putting money aside for future use

• Budget

• Saving

When you put money into your account

• Deposit

• Withdraw

When you take money out of your account

• Deposit

• Withdraw

A breakdown of your income and expenses for a set period of time

• Budget

• Pay Stub

A document that is given to a worker with each paycheck that shows the amount of money earned and the amount that was removed for taxes

• Budget

• Pay Stub