Budgeting

Front

What is the purpose of a budget?

Back

A budget allows you to keep track of the money you make and the money that you spend.

Front

Marie wants to decrease the amount of money she spends on food. Which of the following will help her?

• Going to the grocery store with a list
• Going to the grocery store whenever she needs one or two items
• Deciding what she will have for lunch/dinner that same day

Back

Going to the grocery store with a list

Front

Budgeting is 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 _____.

Back

Need

Front

What does preparing a budget include? Options: Income, Expenses, Saving, Only listing your expenses, Only listing your debts, Only listing your income

Back

Income, Expenses, Saving

Front

Which one is a fixed (same amount, same time) payment? food, power, mortgage, petrol

Back

mortgage

Front

Car Payment

Back

Fixed Expense

Front

Fixed or variable expense: Groceries

Back

Variable

Front

Fixed or variable expense: Rent?

Back

Fixed

Front

Which of the following is a want? Food, Water, Shelter, Video game

Back

Video game