IncomeMoneyyouearnFixedExpenseExpensesthat staythe sameTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need PrioritizeTo arrangein theorder ofimportanceBudgetAn estimateof income &expenses fora set periodof timeSavingsMoneyyou "parkaway" touse laterDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations DiscretionaryExpenseExpensesthat coveryourwantsOpportunityCostsTrade offs--the things yougive up whenyou make adecisionWantsThingsyou wouldlike tohaveExpenseMoneyyouspendVariableExpenseExpensesyou havecontroloverNeedsThingsyou can'tlivewithoutIncomeMoneyyouearnFixedExpenseExpensesthat staythe sameTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need PrioritizeTo arrangein theorder ofimportanceBudgetAn estimateof income &expenses fora set periodof timeSavingsMoneyyou "parkaway" touse laterDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations DiscretionaryExpenseExpensesthat coveryourwantsOpportunityCostsTrade offs--the things yougive up whenyou make adecisionWantsThingsyou wouldlike tohaveExpenseMoneyyouspendVariableExpenseExpensesyou havecontroloverNeedsThingsyou can'tlivewithout

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