economics: section 11.5

budget 

a spending plan that ensures you can pay for the things you need

1. net income

2. Lord’s work

3. savings

4. living expenses for each month

5. balanced budget

6. budget

fill in the blank

creating a budget:

1. Know your ___ _______ 

2. Set aside money for the ______ _____ 

3. Set aside money for _______

4. Determine your ______ _________ ___ _____ _____

5. _______ _______: income equals expenses 

6. Stick to your _______

balanced budget

income equals expenses

1. Housing 

2. Food and Groceries

3. Loans 

4. Personal Care Items 

5. Education

6. Insurance 

7. Vehicle 

8. Clothing 

9. Cell phone / internet / TV

10. Gifts 

11. Travel 

12. Miscellaneous

list some examples of balanced budget. (there are 12 that were given…)