Spending Plan | Baamboozle - Baamboozle | The Most Fun Classroom Games!

English 12 Public

NGPF

Study Slideshow

What percent of Americans have reported spending beyond their monthly budget?

44%

64%

84%

24%

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What are some possible factors that would lead to someone spending beyond their budget?

awv

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What is a spending plan?

A tool used to record and track projected and actual income and expenses over a period of time.

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Spending plans need to be flexible to change with various life stages

False

True

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There should not be any money left over in a budget. If there is, it should be put into the savings or charitable giving column.

False

True

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Why should you use a spending plan?

awv

15

What are Consequences of NOT Using a Spending Plan?

awv

15

Before creating a spending plan…

track your spending

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What is income?

money that you spend

money that is earned

having more income than expenses

having more expenses than income

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What are expenses?

having more income than expenses

having more expenses than income

money that you spend

money that is earned

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What is a net gain?

money that you spend

having more expenses than income

having more income than expenses

money that is earned

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What is a net loss?

having more expenses than income

having more income than expenses

money that you spend

money that is earned

15