OpportunityCostsTrade offs--the things yougive up whenyou make adecisionIncomeMoneyyouearnNeedsThingsyou can'tlivewithoutBudgetAn estimateof income &expenses fora set periodof timeDiscretionaryExpenseExpensesthat coveryourwantsExpenseMoneyyouspendVariableExpenseExpensesyou havecontroloverCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations SavingsMoneyyou "parkaway" touse laterTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need WantsThingsyou wouldlike tohaveFixedExpenseExpensesthat staythe samePrioritizeTo arrangein theorder ofimportanceDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesOpportunityCostsTrade offs--the things yougive up whenyou make adecisionIncomeMoneyyouearnNeedsThingsyou can'tlivewithoutBudgetAn estimateof income &expenses fora set periodof timeDiscretionaryExpenseExpensesthat coveryourwantsExpenseMoneyyouspendVariableExpenseExpensesyou havecontroloverCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations SavingsMoneyyou "parkaway" touse laterTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need WantsThingsyou wouldlike tohaveFixedExpenseExpensesthat staythe samePrioritizeTo arrangein theorder ofimportanceDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxes

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.


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