Everyday Budgeting
What is the term for writing down your income and expenses each month?
What is a budget?
Buying this brand is often cheaper than name brands.
What is a store brand?
Turning these off when you leave a room can lower your electric bill.
What are lights or appliances?
Many grocery stores offer this special price reduction for seniors.
What is a senior discount?
True or False: It’s better to hide your money in your mattress than in a bank.
What is False?
This common method involves putting cash in labeled envelopes for groceries, bills, etc.
What is the envelope system?
Planning this before shopping helps avoid impulse purchases.
What is a grocery list?
This utility company may offer a senior discount if you ask.
What is your local electric/gas/water provider?
This store often offers low-cost household essentials and groceries for $1.25.
What is Dollar Tree?
This type of bank account helps you keep money for emergencies.
What is a savings account?
If you earn $800/month and pay $500 in rent, how much is left for everything else?
What is $300?
Buying this type of produce (in season or frozen) helps stretch your food dollars.
What is seasonal or frozen produce?
Paying bills before this date helps avoid late fees.
What is the due date?
This paper or digital item helps you save money on specific products.
What is a coupon?
Name one place that offers free help with budgeting or benefits.
What is a community center, library, or nonprofit organization?
One way to avoid overspending is to use this form of payment instead of a card.
What is cash?
This government program can help low-income individuals buy food.
What is SNAP (Supplemental Nutrition Assistance Program)?
Setting this up can help you avoid missing payments (often available with banks).
What is automatic bill pay?
This pass offers discounted public transportation for seniors.
What is a senior transit card or bus pass?
This 3-digit number can affect whether you’re approved for housing or loans.
What is a credit score?
True or False: Tracking your expenses weekly can help you spot wasteful spending.
What is True?
Cooking in these larger quantities and freezing leftovers saves both time and money.
What are bulk meals or batch cooking?
You can sometimes lower this bill by asking for an energy audit.
What is your electricity or utility bill?
True or False: Always ask if a discount is available, even if it's not advertised.
What is True?
What does “fixed income” mean?
What is receiving the same amount of income each month, often from Social Security or a pension?