Unit 3 Savings and Budgeting

Front

What does deposit mean?

Back

putting money into an account

Front

Savings accounts are really great for

Back

Long term goals or emergencies

Front

What is the first step in creating a personal budget?

Back

Determine income and expenses

Front

Why is it important to track expenses?

Back

To manage and control finances, identify overspending, save money, and achieve financial goals.

Front

How can setting financial goals help with budgeting?

Back

Setting financial goals provides direction and motivation for saving and spending, allowing individuals to prioritize expenses and make informed decisions about where to allocate their money.

Front

House Payment/ Mortgage

Back

Fixed Expense

Front

Car Insurance: Fixed Expense or Variable Expense?

Back

Fixed Expense

Front

Groceries: Fixed Expense or Variable Expense?

Back

Variable Expense

Front

Is the money the Brown family spends at Eat Around Pizza a fixed expense or a variable expense?

Back

Variable Expense

Front

Is the money the Jones family spends on cable television a fixed expense or a variable expense?

Back

Fixed Expense