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