Dollar Up
You owe $5.23. How much money should you give to the cashier?
$6.00
Money you need to put away for emergencies (ex.hospital stay, refrigerator breaks)
Savings
These are the last items that you should buy during the month once you've created your budget. They are things you want to have but don't need to live.
Wants
What is one type of bill that you will have on your budget?
water, gas, heat, food, insurance, transportation, housing
True or False: I should buy items that are on sale even when I don't need them, because it is a great deal.
False
You owe $2.10. How much money should you give the cashier?
$3.00
All the money that you earn. Money coming in.
Income
These are the items in your monthly budget that you do first before wants/spending money. They are the things that you need to live.
Needs
What is one type of bill that you will have on your budget?
water, gas, heat, food, insurance, transportation, housing
Name one tool that you should bring with you to the grocery store.
calculator, tax chart
You owe $12.87. How much money should you give the cashier?
$13.00
A plan you make on how you will spend your money.
Budget
A check that you receive from your employer that shows the wages (money) that you have earned.
This is the first thing you should check when you receive a bill.
That it is addressed to you.
The name of items that are made by the store. They look like the name brand product. (ex. Oreos are the name brand and Kroger Kaleidos are _______)
Generic
You owe $9.64. How much money should you give the cashier?
$10.00
A plastic card that is used to pay for items. When you use this card you are borrowing money from a credit institution and you must pay them back.
Credit Card
The money on your paycheck that you put in your bank account. (like scooping up the money with a net).
Net Pay
The percentage that you use to calculate the amount of savings/investments that you must put in your budget each month. This is done by taking the total monthly income x XX%
20%
True or False: Generic items are always cheaper so I should not bother to compare them to other brands.
False
You owe $8.00. How much money should you give the cashier?
$8.00
Money that you owe other people or businesses. This is something you should avoid by only buying the items that you have enough money for.
Debt
The money that is taken out of your total gross wages for taxes.
Deductions
Why do you need to create a budget?
To plan how your money will be spent and make sure that you have enough for your needs.
True or False: I should do comparison shopping when buying my items.
True