WantsThingsyou wouldlike tohaveExpenseMoneyyouspendVariableExpenseExpensesyou havecontroloverDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesDiscretionaryExpenseExpensesthat coveryourwantsOpportunityCostsTrade offs--the things yougive up whenyou make adecisionNeedsThingsyou can'tlivewithoutFixedExpenseExpensesthat staythe sameIncomeMoneyyouearnCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations SavingsMoneyyou "parkaway" touse laterBudgetAn estimateof income &expenses fora set periodof timePrioritizeTo arrangein theorder ofimportanceTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need WantsThingsyou wouldlike tohaveExpenseMoneyyouspendVariableExpenseExpensesyou havecontroloverDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesDiscretionaryExpenseExpensesthat coveryourwantsOpportunityCostsTrade offs--the things yougive up whenyou make adecisionNeedsThingsyou can'tlivewithoutFixedExpenseExpensesthat staythe sameIncomeMoneyyouearnCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations SavingsMoneyyou "parkaway" touse laterBudgetAn estimateof income &expenses fora set periodof timePrioritizeTo arrangein theorder ofimportanceTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need 

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