Budgeting review Sept 2023

Front

A record of income and spending and a plan for managing money each month.

Back

Budget

Front

The 3 main sections of a budget are your.....

Back

Income, savings and types of expenses

Front

This type of expense costs the same from month to month and are for things you need

Back

Fixed expense

Front

With a ______ expense, the amount you pay changes each time and are for things you need.

Back

Variable expense

Front

An example of a fixed expense is your.... (Un ejemplo de un gasto fijo es su ... )

Back

Rent, mortgage or insurance

Front

Your netflix bill is an example of a .... (Tu factura de netflix es un ejemplo de ... )

Back

Discretionary expense

Front

These expenses are for things you don't need (your wants).

Back

Discretionary expenses

Front

When you subtract the total expenses from the Net income the remaining amount should be...

Back

Zero

Front

In a budget, PYF stands for. . . (En un presupuesto, PYF significa. . . )

Back

Pay yourself first

Front

If you have to cut money out of your budget, you should start by cutting your.....

Back

Discretionary expenses (wants)