Financial Literacy—Making a Budget | Learn how to create a budget

What is a budget?

• a spending plan based on income and expense.

• The amount of money spent over time. 

What term means the amount of money you earn or recieve as gifts?

• budget

• debt

• income

What are fixed expenses?

• Expenses that change all the time

• Expenses that you pay the same amount for each time

Why is a budget estimated?

• unexpected expenses happen

• unexpected expenses never happen

Was Frankie able to handle the unexpected expense of the field trip fee?

• No

• Yes