Jeopardy
Making a
Budget
Misc.
Q $100
Q $100
Q $100
Q $200
Q $200
Q $200
Q $300
Q $300
Q $300
Q $400
Q $400
Q $400
Q $500
Q $500
Q $500
Budgetin
g
Final Jeopardy
$100 Question from Budgeting
What are the two main parts in a
Budget?
$100 Answer from Budgeting
Income and Expenses
$200 Question from Budgeting
What are the three types of Expenses?
$200 Answer from Budgeting
Fixed, Periodic, and Variable
$300 Question from Budgeting
Paying rent for an apartment is considered what?
$300 Answer from Budgeting
A Fixed Expense
$400 Question from Budgeting
What is the difference between a
Fixed Expense and a Variable
Expense?
$400 Answer from Budgeting
A fixed expense is a set amount
of money spent every month. A
variable expense is a varying
amount of money spent every
month.
$500 Question from Budgeting
How is the amount of money for savings
determined?
$500 Answer from Budgeting
The amount of money set in
savings should be
determined by your goal(s).
$100 Question from Making a
Budget
Buying drinks everyday is
an example of what?
$100 Answer from Making a
Budget
A (potentially)
Bad Habit…A
Want.
$200 Question from Making a
Budget
What is the difference between a
Want and a Need?
$200 Answer from Making a
Budget
A Want is something that makes life more
enjoyable, and a Need is something that is
essential to your health and security.
***Wants can usually Wait.
***Needs are usually Necessary.
$300 Question from Making a
Budget
Choosing to donate money to the
church every month is an expense
(maybe fixed, maybe variable)
stemming from ones _______
system?
$300 Answer from Making a
Budget
Value
$400 Question from Making a
Budget
What is the first step in Managing
Your Money?
$400 Answer from Making a
Budget
Eval your spending habits
$500 Question from Making a
Budget
How does Opportunity Cost
play a part in your Budget?
$500 Answer from Making a
Budget
Opportunity Cost allows you to
decide what’s important and what
can be sacrificed to reach your
goals.
$100 Question from Misc.
Where would you put buying
Christmas presents in a budget?
$100 Answer from Misc.
Periodic Expenses
$200 Question from Misc.
What is a Spending Log?
$200 Answer from Misc.
A Spending Log is a record
of everything you purchase
and how much you spend
each day.
$300 Question from Misc.
What must your Income and
Expenses do?
$300 Answer from Misc.
They must equal each other. (Balance!)
$400 Question from Misc.
What is Instant
Gratification?
$400 Answer from Misc.
Seeing something and
buying it immediately.
$500 Question from Misc.
What does the Acronym
S.M.A.R.T. stand for when
goal setting?
$500 Answer from Misc.
S.M.A.R.T. stands for Specific,
Measurable, Attainable,
Relevant, and Timebound.
Final Jeopardy
This author wrote, "When you run in
debt you give to another power over
your liberty"
Final Jeopardy Answer
Benjamin Franklin