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

English 22 Public

Game of Budgeting

Study Slideshow

What is a budget?

a plan to spend your money.

20

What are the two components to set up your Budget?

Income and Expense

20

What is income?

Money that you earn (work & government)

15

What are expenses?

Money that you spend

15

What are Fixed Expenses?

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

20

What are flexible expenses?

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

20

Are variable expenses usually needs or wants?

Wants

20

Are Fixed expenses usually needs or wants?

needs

20

Mr. Berger upgraded his smartphone because the new iPhone came out. Is this a want or a need?

Want

15

Mr. Berger upgraded his Smartphone because old phone is not working. Is this a want or a need?

Need

15

Mr. Berger adopted a dog. Is this a want or a need?

Want

15

Mr. Berger bought foof for his dog, Walter. Is this a want or a need?

Need

15

What is the first step to set up a budget?

Determine your income

15

When budgeting, how do you make sure you don't run out of money each month?

Compare you income and expenses

15

Mr. Berger went to coffee shop for his coffee in the morning. Is this a want or a need?

Want

15

Mr. Berger wants to play the new WWE video game, so he bought the game and a PS5. Is this a want or a need?

Want

15