$$$ Vocab
This is a spending plan that shows your income and how you plan to use your money
What is a budget
What is monthly
A Place to sleep, food, so on and so forth
PYF Stands for this
Pay Yourself First
This video game became popular for its battle royale mode and building mechanics
This is the money your receive from working, investments, or other sources
What is income?
The more important "Income" When looking at your pay stub
What is Net Income
Rent is $1,200 a month and doesnt change. what type of expense is this?
What is a fixed Expense
With PYF Should you set aside money for savings before or after spending money on discretionary expenses?
What is Before
What company owns instagram, facebook, and whatsapp?
Meta
These are the costs of goods and services that you pay for
What are expenses
You make $500 per month and spend $425 do you have a surplus or deficit and how much?
Your grocery bill Changes depending on how much your buy, and the price of the goods. What type of expense is this?
What is a commonly recommended percentage for PYF?
What is 10%
What country gave the United States the Statue of Liberty
France
This is money left over when your income is greater than your expenses
What is a surplus
You earn $600 Per month
Your expenses are:
phone: $50 / Gas: $100 / Entertainment $75 / Food $75 What is your surplus?
What is $300
You spend $60 Each month going out to eat and buying video games. These expenses aren't necessary for survival. What type of expense are they?
What are discretionary expenses?
you receive $500 in income, If you follow PYF How much Money should you save?
$50
What is the name of the first ever video uploaded to Youtube?
"Me at the Zoo"
This is what happens when your expenses are greater than your income. it means you're spending more money than you have coming in
What is a deficit?
You Earn $800 Per Month and Have $850 In expenses. What would you need to do to balance your budget?
Decrease expenses, increase income, or both
Name 1 fixed, 1 variable, and 1 discretionary expense that a high school student might have.
Cellphone bill
Gas
Going out to eat
Explain why PYF can be more effective than simply saving whatever money you have left at the end of the month.
Because you make saving a priority and save the money before you have a chance to spend it.
Who was the first Woman Inducted Into The Rock N' Roll Hall of Fame?
Aretha Franklin