BudgetAn estimateof income &expenses fora set periodof timeSavingsMoneyyou "parkaway" touse laterOpportunityCostsTrade offs--the things yougive up whenyou make adecisionDiscretionaryExpenseExpensesthat coveryourwantsExpenseMoneyyouspendIncomeMoneyyouearnTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need CharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations NeedsThingsyou can'tlivewithoutFixedExpenseExpensesthat staythe sameVariableExpenseExpensesyou havecontroloverPrioritizeTo arrangein theorder ofimportanceWantsThingsyou wouldlike tohaveDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxesBudgetAn estimateof income &expenses fora set periodof timeSavingsMoneyyou "parkaway" touse laterOpportunityCostsTrade offs--the things yougive up whenyou make adecisionDiscretionaryExpenseExpensesthat coveryourwantsExpenseMoneyyouspendIncomeMoneyyouearnTaxesways that thegovernment cancollect money fromits citizens to payfor things that thepeople need CharitableGivingfreely givingmoney to helpneedy persons ororganizations thatrely on donations NeedsThingsyou can'tlivewithoutFixedExpenseExpensesthat staythe sameVariableExpenseExpensesyou havecontroloverPrioritizeTo arrangein theorder ofimportanceWantsThingsyou wouldlike tohaveDiscretionaryIncomeMoney leftover afterpaying forneeds andtaxes

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