ExpenseMoneyyouspendPrioritizeTo arrangein theorder ofimportanceDiscretionaryExpenseExpensesthat coveryourwantsFixedExpenseExpensesthat staythe sameSavingsMoneyyou "parkaway" touse laterDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesWantsThingsyou wouldlike tohaveOpportunityCostsTrade offs--the things yougive up whenyou make adecisionNeedsThingsyou can'tlivewithoutVariableExpenseExpensesyou havecontroloverTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need CharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations IncomeMoneyyouearnBudgetAn estimateof income &expenses fora set periodof timeExpenseMoneyyouspendPrioritizeTo arrangein theorder ofimportanceDiscretionaryExpenseExpensesthat coveryourwantsFixedExpenseExpensesthat staythe sameSavingsMoneyyou "parkaway" touse laterDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesWantsThingsyou wouldlike tohaveOpportunityCostsTrade offs--the things yougive up whenyou make adecisionNeedsThingsyou can'tlivewithoutVariableExpenseExpensesyou havecontroloverTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need CharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations IncomeMoneyyouearnBudgetAn estimateof income &expenses fora set periodof time

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