Budgeting

Front

What is generally the highest expense in a household budget?

Back

Housing

Front

What do you call your annual salary? Options: Net income, Gross income, Paycheck, Cash flow

Back

Gross income

Front

Is budgeting crucial to your financial success?

Back

True

Front

If an expense can NOT be removed from your budget to save money, it is considered a _____. Options: Income, Want, Need, Savings

Back

Need

Front

Preparing a budget includes:

Back

Income, Expenses, Saving

Front

If an expense can be cut from your budget to save money, it is considered a ______. Options: want, need, income, savings

Back

want

Front

Discretionary income is the money you have left after all of your fixed and variable expenses have been paid.

Back

True

Front

What is something you identify and work on to achieve? Options: needs, money, goal, wants

Back

goal

Front

What do you call the money you actually take home?

Back

Net pay