ExpenseMoneyyouspendDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need OpportunityCostsTrade offs--the things yougive up whenyou make adecisionWantsThingsyou wouldlike tohaveCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations IncomeMoneyyouearnVariableExpenseExpensesyou havecontroloverSavingsMoneyyou "parkaway" touse laterNeedsThingsyou can'tlivewithoutDiscretionaryExpenseExpensesthat coveryourwantsBudgetAn estimateof income &expenses fora set periodof timeFixedExpenseExpensesthat staythe samePrioritizeTo arrangein theorder ofimportanceExpenseMoneyyouspendDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need OpportunityCostsTrade offs--the things yougive up whenyou make adecisionWantsThingsyou wouldlike tohaveCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations IncomeMoneyyouearnVariableExpenseExpensesyou havecontroloverSavingsMoneyyou "parkaway" touse laterNeedsThingsyou can'tlivewithoutDiscretionaryExpenseExpensesthat coveryourwantsBudgetAn estimateof income &expenses fora set periodof timeFixedExpenseExpensesthat staythe samePrioritizeTo arrangein theorder ofimportance

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