ExpenseMoneyyouspendWantsThingsyou wouldlike tohaveSavingsMoneyyou "parkaway" touse laterIncomeMoneyyouearnTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need PrioritizeTo arrangein theorder ofimportanceBudgetAn estimateof income &expenses fora set periodof timeNeedsThingsyou can'tlivewithoutFixedExpenseExpensesthat staythe sameOpportunityCostsTrade offs--the things yougive up whenyou make adecisionVariableExpenseExpensesyou havecontroloverCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations DiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesDiscretionaryExpenseExpensesthat coveryourwantsExpenseMoneyyouspendWantsThingsyou wouldlike tohaveSavingsMoneyyou "parkaway" touse laterIncomeMoneyyouearnTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need PrioritizeTo arrangein theorder ofimportanceBudgetAn estimateof income &expenses fora set periodof timeNeedsThingsyou can'tlivewithoutFixedExpenseExpensesthat staythe sameOpportunityCostsTrade offs--the things yougive up whenyou make adecisionVariableExpenseExpensesyou havecontroloverCharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations DiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesDiscretionaryExpenseExpensesthat coveryourwants

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