Making a Budget | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 10 Public

The budgeting process

Study Slideshow

What is the highest paid occupation in PA?

accountant

anesthesiologist

attorney

teacher

15

Gross income – Deductions =

Gross Pay

Net Income

15

Net income consists of...

Regular spending + Irregular spending + Future spending

Spending money for all your wants

15

Housing, food, and utility costs are examples of

Regular Spending

Irregular Spending

15

Insurance, Taxes and Fees are examples of

Regular Monthly Spending

Irregular Yearly Spending

15

Health care, vacations, gifts, and home maintenance are ______________ expenses and part of your short-term savings

expected

unexpected

15

car repairs, health care, and home repairs are ____________ expenses but should still be part of your short-term savings

expected

unexpected

15

Retirement should be part of your future savings (long-term savings)

True

False

15

How would you categorize an annual maintenance fee from your landlord?

regular spending

irregular spending

15

How would you categorize $200 per month set aside for retirement?

short-term saving

long-term saving

15