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

What is the money you earn from a job called?

income

If you have $18.00 and wanted to buy some cupcakes worth $2.50 each, what is the most amount of cupcakes you could buy?

7

Which of the following is a need and not a want: movies, food, or sneakers

food

Is going to batting cages and income or expense?

Expense

Which of the following is NOT considered an income: An allowance, a paycheck, interest paid on a loan, or birthday money from a relative

interest paid on a loan

What is a need?

something you must have

If an expense can be cut from your budget to save money, it is considered a

want

Ace's car holds 23 gallons of gas. If gas is $3.49 per gallon, how much will it cost Ace to fill up his car?

$80.27

It is smart NOT to save monthly for a yearly vacation

False

Math is used in everyday life and not just in the classroom

True

Taxes help to pay for things such as housing and food stamps

True

When making a budget, a person's needs should come before their wants

True

A written cash flow plan is called a

budget

Occurs when money is withdrawn from a bank account and the available balance goes below zero

overdraft

Having more than one bank account is never a good idea

False

Online bill pay allows you to make payments to whomever you wish without having to write a check and send it in the mail

True

"Pay yourself first' means you should assign a portion of your income to savings and investing every month

True

Budgeting is crucial to your financial success

true

A debit card cannot be used for online purchases

false

A specific place where you can put your money when saving money

bank, savings account

Is budgeting important?

Yes