Banking | Baamboozle - Baamboozle | The Most Fun Classroom Games!

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Banking

Study Slideshow

What is a budget?

A plan to spend and save money

15

What are the two components that make up a budget?

Income & Expenses

25

What is income?

Money you have coming in

10

What are expenses?

Things you spend your money on

10

What are two examples of utliities?

Answers will vary

15

What is an example of income?

Answers will vary

10

True or False- Earnings and income mean the same thing

True

10

Fixed expenses occur....

Every Month

5

The amount allotted to a fixed expenses _________

Stay the same

5

The amount spent on a flexible expense _______

Changes

5

Flexible expenses occur...

Every Month

5

Discretionary Expenses occur...

Randomly

5

What is a discretionary expense?

An expense that occurs only when you have money left over after your fixed and flexible expenses have been paid.

15

What type of expense is a Car Loan

Fixed Expense

10

What type of expense is the Electric Bill

Flexible Expense

10

What type of expense is the Grocery Bill

Flexible Expense

10