Budgeting Flashcard

Front

Which of the following is NOT a benefit of having a credit card: great for emergencies, may improve credit score, extra perks?

Back

pay interest

Front

Which card requires money to be taken automatically out of checking or savings?

Back

debit card

Front

Which card requires money to be borrowed and then repaid at a later date?

Back

credit card

Front

Paying rent is a fixed expense.

Back

True

Front

Purchasing food is a fixed expense.

Back

False

Front

Paying your cell phone bill is a variable expense.

Back

False

Front

Which of the following is a variable expense? Car Payment, Rent, Entertainment, Car Insurance

Back

Entertainment

Front

_____ is the total amount of money made before taxes.

Back

gross income

Front

______ is the money made after taxes are deducted.

Back

net pay

Front

_____ is a plan for spending and saving in order to reach a financial goal.

Back

budget