ExpenseMoneyyouspendPrioritizeTo arrangein theorder ofimportanceIncomeMoneyyouearnWantsThingsyou wouldlike tohaveNeedsThingsyou can'tlivewithoutDiscretionaryExpenseExpensesthat coveryourwantsBudgetAn estimateof income &expenses fora set periodof timeOpportunityCostsTrade offs--the things yougive up whenyou make adecisionVariableExpenseExpensesyou havecontroloverTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need DiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesSavingsMoneyyou "parkaway" touse laterCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations FixedExpenseExpensesthat staythe sameExpenseMoneyyouspendPrioritizeTo arrangein theorder ofimportanceIncomeMoneyyouearnWantsThingsyou wouldlike tohaveNeedsThingsyou can'tlivewithoutDiscretionaryExpenseExpensesthat coveryourwantsBudgetAn estimateof income &expenses fora set periodof timeOpportunityCostsTrade offs--the things yougive up whenyou make adecisionVariableExpenseExpensesyou havecontroloverTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need DiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesSavingsMoneyyou "parkaway" touse laterCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations FixedExpenseExpensesthat staythe same

Future Smart Lesson 2 Terminology - Call List

(Print) Use this randomly generated list as your call list when playing the game. There is no need to say the BINGO column name. Place some kind of mark (like an X, a checkmark, a dot, tally mark, etc) on each cell as you announce it, to keep track. You can also cut out each item, place them in a bag and pull words from the bag.


1
2
3
4
5
6
7
8
9
10
11
12
13
14
  1. Money you spend
    Expense
  2. To arrange in the order of importance
    Prioritize
  3. Money you earn
    Income
  4. Things you would like to have
    Wants
  5. Things you can't live without
    Needs
  6. Expenses that cover your wants
    Discretionary Expense
  7. An estimate of income & expenses for a set period of time
    Budget
  8. Trade offs--the things you give up when you make a decision
    Opportunity Costs
  9. Expenses you have control over
    Variable Expense
  10. ways that the government can collect money from its citizens to pay for things that the people need
    Taxes
  11. Money left over after paying for needs and taxes
    Discretionary Income
  12. Money you "park away" to use later
    Savings
  13. freely giving money to help needy persons or organizations that rely on donations
    Charitable Giving
  14. Expenses that stay the same
    Fixed Expense