Semester 1 Test Ch 1-6

Front

You should always make sure you have a…

Back

Budget

Front

What is The First Foundation?

Back

Save a $500 emergency fund.

Front

Avoiding debt can give you financial peace and a sense of hope for the future.

Back

True

Front

Which of the following is not a component of a budget? Credit Score, Saving, Income, Giving

Back

Credit Score

Front

How many categories should you have in your budget?

Back

No limit, use as many as you need to keep your budget accurate

Front

How often should you create a budget?

Back

monthly

Front

If you get married, only 1 person is responsible for budgeting.

Back

false

Front

A budget says what will happen with your money, while a cash flow statement shows what already happened. True or False?

Back

True

Front

45% of Americans have less than $1000 saved for a/an

Back

emergency

Front

You'll have less freedom with your money if you...

Back

are paying for things in your past.