VariableExpenseExpensesyou havecontroloverOpportunityCostsTrade offs--the things yougive up whenyou make adecisionCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations ExpenseMoneyyouspendFixedExpenseExpensesthat staythe sameDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesSavingsMoneyyou "parkaway" touse laterWantsThingsyou wouldlike tohaveBudgetAn estimateof income &expenses fora set periodof timeIncomeMoneyyouearnTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need DiscretionaryExpenseExpensesthat coveryourwantsPrioritizeTo arrangein theorder ofimportanceNeedsThingsyou can'tlivewithoutVariableExpenseExpensesyou havecontroloverOpportunityCostsTrade offs--the things yougive up whenyou make adecisionCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations ExpenseMoneyyouspendFixedExpenseExpensesthat staythe sameDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesSavingsMoneyyou "parkaway" touse laterWantsThingsyou wouldlike tohaveBudgetAn estimateof income &expenses fora set periodof timeIncomeMoneyyouearnTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need DiscretionaryExpenseExpensesthat coveryourwantsPrioritizeTo arrangein theorder ofimportanceNeedsThingsyou 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. Expenses you have control over
    Variable Expense
  2. Trade offs--the things you give up when you make a decision
    Opportunity Costs
  3. freely giving money to help needy persons or organizations that rely on donations
    Charitable Giving
  4. Money you spend
    Expense
  5. Expenses that stay the same
    Fixed Expense
  6. Money left over after paying for needs and taxes
    Discretionary Income
  7. Money you "park away" to use later
    Savings
  8. Things you would like to have
    Wants
  9. An estimate of income & expenses for a set period of time
    Budget
  10. Money you earn
    Income
  11. ways that the government can collect money from its citizens to pay for things that the people need
    Taxes
  12. Expenses that cover your wants
    Discretionary Expense
  13. To arrange in the order of importance
    Prioritize
  14. Things you can't live without
    Needs