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

English 43 Public

Game of Budgeting

Study Slideshow

What is a budget?

a plan to spend your money.

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What are the two components to set up your Budget?

Income and Expense

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What is income?

Money that you earn (work & government)

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What is expense?

Money that you spend

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What are the three types of expenses?

Fixed, Flexible, & Discretionary

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What is Fixed Expense?

Necessary spending and amount is same month to month or year to year

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What are the flexible expenses?

Necessary Spending and amount is changing month to month or year to year

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Discretionary expenses

Money that you choose to spend. Spending money that you want

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Flexible expense is needs or wants?

needs

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Fixed expense needs or wants?

needs

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Discretionary needs or wants?

wants

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What are the SMART Goal Stand for?

Specific, Measurable, Achievable, Realistic, Time-Bound

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Grocery

Needs (Flexible)

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House

Needs (Fixed)

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TTC (Monthly pass)

Needs (Fixed)

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TTC (pay to ride)

Needs (Flexible)

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