A plan for spending and saving income during a set period of time.

Debts you owe for goods (ex. food, games or clothes) and services (ex. hair cut).

The various choices/options you have when making a decision about how to spend an amount of money.

The idea of "PAY YOURSELF FIRST" could be one way of looking at being sure to put money into saving before putting it in your wants or spending money portion of your budget.

Something you get for making a choice in a trade-off, generally considered a desirable outcome of your choice.

Any money that comes into your household during a budgeting cycle.

Money that is set aside for future short or long term goals or emergencies is called what?

Those things you believe are MOST important to you as well as the world and you are willing to make sacrifices for.

Elijah has $100 and decides to spend it on a concert ticket instead of saving it for a new video game. As a result of this choice, Elijah will not be able to buy the video game as soon. This is an example of an ____.

Rent, electricity, gas, phone, groceries are examples of costs which are called what?

Things you would like to have, but are NOT NECESSARY for your survival, well being or success.

If you get money each week from your parents, possibly for doing chores, this is called what?

Which of these may be a want for a 9 year old but a need for a 16 year old with a job?

Which of the following represents the 50/20/30 Rule for budgeting?