Taxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need PrioritizeTo arrangein theorder ofimportanceNeedsThingsyou can'tlivewithoutFixedExpenseExpensesthat staythe sameDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesOpportunityCostsTrade offs--the things yougive up whenyou make adecisionBudgetAn estimateof income &expenses fora set periodof timeVariableExpenseExpensesyou havecontroloverSavingsMoneyyou "parkaway" touse laterCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations ExpenseMoneyyouspendIncomeMoneyyouearnDiscretionaryExpenseExpensesthat coveryourwantsWantsThingsyou wouldlike tohaveTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need PrioritizeTo arrangein theorder ofimportanceNeedsThingsyou can'tlivewithoutFixedExpenseExpensesthat staythe sameDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesOpportunityCostsTrade offs--the things yougive up whenyou make adecisionBudgetAn estimateof income &expenses fora set periodof timeVariableExpenseExpensesyou havecontroloverSavingsMoneyyou "parkaway" touse laterCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations ExpenseMoneyyouspendIncomeMoneyyouearnDiscretionaryExpenseExpensesthat coveryourwantsWantsThingsyou wouldlike tohave

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