1. + Chapter 10

2. + 10.3 Vocab and notes

3. + Vocabulary Budget matrix – a chart that shows expenses

4. + Vocabulary Pie Chart – shows budget data in percentages

5. + Vocabulary Line Graph – shows budget over time

6. + Bar graph

7. + Vocabulary Budget line graph – used to compare 2 categories

8. + Constructing a Pie Chart The angles of each sector will add up to 360 degrees Convert the budget percent to decimal and multiply by 360 Rent 18% 0.18 x 360 = 65 o Transportation 15% 0.15 x 360 = 54 o

9. + 10.4 Vocab and Notes

10. + Vocabulary Cash flow analysis: is not a budget; it shows how money comes in (income) and goes out (expenses) over time Fixed expense: the same every month no matter what i.e. rent, car payment Variable expense: change each month i.e food, gas, clothing

11. + Vocabulary Assets: what you own Liabilities: what you owe Net worth: assets - liabilities

12. + Budgeting Not all bills are monthly Tuition, sewer/water, oil changes Pro-rate expenses: divide proportionally over 12 months so they are included in the budget

13. + Budgeting Steps to create a budget: 1. Track expenses – what are you spending your money on? 2. Create budget – how much will you spend? 3. Track your spending – a) Write it down as you spend in each category b) Keep a spreadsheet or use an app c) Envelope system – put cash in an envelope and spend until done in that category