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Jeopardy

Jeopardy. Making a Budget. Budgeting. 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. Final Jeopardy. $100 Question from Budgeting. What are the two main parts in a Budget?.

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Jeopardy

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  1. Jeopardy Making a Budget Budgeting 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 Final Jeopardy

  2. $100 Question from Budgeting What are the two main parts in a Budget?

  3. $100 Answer from Budgeting Income and Expenses

  4. $200 Question from Budgeting What are the three typesof Expenses?

  5. $200 Answer from Budgeting Fixed, Periodic, and Variable

  6. $300 Question from Budgeting Paying rent for an apartment is considered what?

  7. $300 Answer from Budgeting A Fixed Expense

  8. $400 Question from Budgeting What is the difference between a Fixed Expense and a Variable Expense?

  9. $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.

  10. $500 Question from Budgeting How is the amount of money for savings determined?

  11. $500 Answer from Budgeting The amount of money set in savings should bedetermined by your goal(s).

  12. $100 Question from Making a Budget Buying drinks everyday is an example of what?

  13. $100 Answer from Making a Budget A (potentially) Bad Habit…A Want.

  14. $200 Question from Making a Budget What is the difference between a Want and a Need?

  15. $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.

  16. $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?

  17. $300 Answer from Making a Budget Value

  18. $400 Question from Making a Budget What is the first step in Managing Your Money?

  19. $400 Answer from Making a Budget Eval your spending habits

  20. $500 Question from Making a Budget How doesOpportunity Cost play a part in your Budget?

  21. $500 Answer from Making a Budget Opportunity Cost allows you to decide what’s important and what can be sacrificed to reach your goals.

  22. $100 Question from Misc. Where would you put buying Christmas presents in a budget?

  23. $100 Answer from Misc. Periodic Expenses

  24. $200 Question from Misc. What is a Spending Log?

  25. $200 Answer from Misc. A Spending Log is a record of everything you purchase and how much you spend each day.

  26. $300 Question from Misc. What must your Income and Expenses do?

  27. $300 Answer from Misc. They must equal each other. (Balance!)

  28. $400 Question from Misc. What is Instant Gratification?

  29. $400 Answer from Misc. Seeing something and buying it immediately.

  30. $500 Question from Misc. What does the Acronym S.M.A.R.T. stand for when goal setting?

  31. $500 Answer from Misc. S.M.A.R.T. stands for Specific, Measurable, Attainable, Relevant, and Timebound.

  32. Final Jeopardy This author wrote, "When you run in debt you give to another power over your liberty"

  33. Final Jeopardy Answer Benjamin Franklin

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