Budgeting

Front

Which of the following is NOT a need? Options: Food, Clothes, Netflix, Shelter

Back

Netflix

Front

Which of the following is an example of a variable expense? Options: Food, Rent, Car payment, Student loan

Back

Food

Front

Your emergency savings fund should have how many months worth of income?

Back

3-6 months

Front

What is the first step in budgeting?

Back

Set financial goals

Front

What is a discretionary Income?

Back

Income remaining after deduction of taxes, other mandatory charges.

Front

Which of the following is an example of a "life change" that would affect your budget? Options: marriage, children, change in job, all of these

Back

all of these

Front

Why do you want to have savings?

Back

All of these: financial emergencies, exciting financial opportunities, financial security.

Front

What percentage is recommended for savings?

Back

10%

Front

What are your liabilities?

Back

money you owe others

Front

Why is budgeting important?

Back

You might get into a house or other large expense  you can’t afford