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Budget and Finance

What is income?
Money that a person stole
 
Money that a person earns
Money that you borrowed
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
What is an expense?
The amount of money that something costs
Giving money away
A bank account
Having a budget helps a person understand how much money they have to save or spend.
True
False
What is a budget?
Financial plan to help understand where to spend your money
Losing money
A bank account
What is a need?
An object that a person wants
An expensive and fancy ring
Some thing that is very important to help a person live or survive
List 2 needs in your life.
What is a want?
Water and food
Some thing that a person wishes for but does not need
An item that a person cannot live without
List 2 wants in your life.
Why is a budget important?
What is a savings account?
Cash in my pocket
A bank account that allows a person to put money into an account, keep it safe, and take out funds as needed
My favorite music group
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