Budgets

Front

What two things does a budget compare?

Back

Income and Expenses

Front

The idea of a budget is to spend exactly as much as you make.

Back

False

Front

Which is an example of a fixed expense? Options: Cell Phone, Utility bill, Groceries, Gasoline

Back

Cell Phone

Front

Which of the following is a true statement about saving receipts?

Back

Saving receipts allows you to keep an accurate record of your spending.

Front

Variable expenses may not be the same every month.

Back

True

Front

When you set a budget, you should never revisit or adjust it.

Back

False

Front

Expenses that stay the same every month are _________ expenses. Rent would be an example.

Back

fixed

Front

You have to eat so you need to buy groceries. This is a(n) ___________ expense.

Back

variable

Front

Car repairs are a fact of life and should be budgeted. This is a(n)_________ expense.

Back

Periodic

Front

What percentage of Americans live paycheck to paycheck?

Back

70