Vocab
A spending plan
What is a budget?
If Sally makes an annual salary of 1,200, this is amount of money she should plan to spend in a month.
What is $100?
When given the choice between shopping for groceries to cook for the month for about $400 a month or ordering take out for every meal for about $650, this is the best budgeting choice to make for planning how you will eat for the month.
What is getting groceries?
Based on Eric's monthly income of $7,456, this is the amount he should budget for housing if housing is 1/3 of his income.
What is $2,485?
Money set aside for later, instead of using right away.
What is savings?
Amount of money you plan to spend for the month
What is a monthly budget?
When given the choice between buying a car and buying an unlimited metro card for $132, this is the best budgeting choice to make if you have a transportation budget of $150.
What is buying a metro card?
Based on Eric's monthly income of $7,456, this is the amount he should budget for savings if savings is 1/10 of his income.
What is $745?
Money received from different sources, usually work
What is income?
If Jordan makes an annual salary of $56,782, this is amount of money she should plan to spend in a month.
What is $4,731?
When given the choice between going to a Broadway show for $250 or buying a plan ticket to Atlanta for $350, this is the best budgeting choice to make if you have a entertainment budget of $330.
Based on Eric's monthly income of $7,456, this is the amount he should budget for entertainment if entertainment is 1/20 of his income.
What is $372?
What is an expense?
If Brenda makes an annual salary of $85,246, this is amount of money she should plan to spend in a month.
What us $7,103?
When given the choice between renting an apartment in Downtown Brooklyn $1,800 a month and renting an apartment in the suburbs of West Chester for $1,750 , this is the best budgeting choice to make if you have a housing budget of $2,000 and you work in Queens.
What is renting an apartment in Brooklyn?
Based on Eric's monthly income of $7,456, this is the amount he should budget for transportation if transportation is 1/10 of his income.
What is $745?
Regular payment you get, usually from work
What is a salary?
If Noah makes an annual salary of $100,456, this is amount of money she should plan to spend in a month.
When given the choice between getting a cellphone plan with Verizon for $215 a month or one with T-mobile for $175 a month, this is the best budgeting choice to make if you have a communication budget of $250.
What is getting a phone plan with T-mobile?
Based on Eric's monthly income of $7,456, this is the amount he should budget for food if food is 1/7 of his income.
What is $1,065?