Budgeting and Saving

Front

Which budget category is recommended to allocate 25-35 percent of your budget? Options: Food, Housing, Utilities, Recreation & Entertainment

Back

Housing

Front

Fill in the blank: The recommended budget allocation for transportation is ___ percent.

Back

10-15

Front

What is a great way to track your spending and saving?

Back

Budgeting

Front

Fill in the blank: You can simplify your budget by considering your ______ and wants.

Back

needs

Front

What is a trade-off?

Back

Choosing not to buy one thing in order to buy another

Front

What is the difference between needs and wants?

Back

Needs are essential for living, wants are things you can live without.

Front

What is a key part of reaching financial independence and building wealth? Options: Spending, Saving, Borrowing, Investing

Back

Saving

Front

Which of the following is a tip to save more money? Spend more on luxury items, Make savings a habit, Ignore your bills, Avoid setting goals

Back

Make savings a habit

Front

Fill in the blank: One of the tips to save more is to ______ your bills on time.

Back

Pay

Front

What is a spending plan compared to?

Back

A financial GPS