Budgeting
a written plan for giving, saving, and spending
What is a budget?
the additional cost a lender charges for borrowing their money
What is interest?
The two types of money personalities.
What are spenders and savers?
You have $55 and you decide to spend $13 on a cheeseburger and put $20 worth of gas in your car, this is the amount you have left.
What is $22?
The planet also known as "the red planet."
What is Mars?
a cash-flow plan that assigns an expense to every dollar of your income; the goal is for the total income minus the total expenses to equal zero
What is a zero-based budget?
The total amount of student loan debt in the US in 2020.
What is $1.5 Trillion?
can be so strict with their money that they never spend any of it
Your budget allows for $45 in gas a month, $40 in savings, $200 for bills, and $100 for food. This is the total income you have.
What is $385?
This famous river runs through Egypt.
What is the Nile River?
This is what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay.
What is Net income?
the percentage of principal charged by the lender for use of its money
What is the interest rate?
financial debts or obligations
What are liabilities?
Stella's total income for the month is $800. If she wants to successfully set up her zero-based budget, this is the amount of money she should allocate to her expenses (giving, saving, spending).
What is $800?
The year the Titanic sank.
What is 1912?
The four types of expenses.
What are fixed, variable, intermittent, and discretionary (non-essential)?
the granting of a loan and the creation of debt; any form of deferred payment
What is credit?
the amount by which the value of a person’s assets exceeds or falls behind the value of their liabilities
What is Net Worth?
You want to save $600 for holiday gifts over the next 6 months. If you save the same amount each month, this is how much you need to set aside monthly.
What is $100?
This artist has a new album coming out tomorrow.
Who is Taylor Swift?
The four parts of a budget.
What are income, giving, saving, and spending?
Year the stock market crashed.
When is 1929?
List the five foundations.
What are saving $500, getting and staying out of debt, paying cash for car, paying cash for college, and gaining wealth to give?
Your monthly retirement income is $2,400. You spend 35% on housing, 15% on food, and 10% on transportation. This is how much money you have left for everything else each month.
What is $960?
Our Assistant Principal (first and last name)
Who is Dustin Alsbrooks?