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Money Management. Vocab Words Budget: a spending plan to help you manage your money Needs: items that you are unable to live without Wants: items you.

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Presentation on theme: "Money Management. Vocab Words Budget: a spending plan to help you manage your money Needs: items that you are unable to live without Wants: items you."— Presentation transcript:

1 Money Management

2 Vocab Words Budget: a spending plan to help you manage your money Needs: items that you are unable to live without Wants: items you desire, but can live without

3 Continued… Short-term goals: things you want to purchase in a year or less Long-term goals: things you want to spend your money on several years from now Prioritize: rank them in order of importance

4 And more… Income: all of the money available for spending Expenses: things you spend money on Fixed Expenses: paid on a regular basis and in a set amount Flexible Expenses: less regular and vary in amounts


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