
PF - Chapter 2 - Budgeting Basics - Review
Flashcard
•
Business
•
12th Grade
•
Practice Problem
•
Hard
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33 questions
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1.
FLASHCARD QUESTION
Front
Although the majority of Americans think budgeting is important, about _______ actually use a budget.
Back
35%
2.
FLASHCARD QUESTION
Front
Which of the following is NOT a component of a budget? Credit score, Saving, Income, Giving
Back
Credit score
3.
FLASHCARD QUESTION
Front
Online budgeting apps are more effective than budgeting with pen and paper.
Back
False
4.
FLASHCARD QUESTION
Front
How many categories should you have in your budget?
Back
No limit; use as many as you need to keep your budget accurate!
5.
FLASHCARD QUESTION
Front
How often should you create a budget?
Back
Monthly
6.
FLASHCARD QUESTION
Front
If you get married, only one person is responsible for budgeting.
Back
False
7.
FLASHCARD QUESTION
Front
What does a budget show you?
Back
How much money you plan to come in and go out during the month
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