Goals & Budgeting Flashcards

Front

James just received his monthly treasure of $700! He spends $250 on his cozy castle (rent and utilities), $100 on feasting (food), and $30 on his trusty steed's upkeep (transportation). How much gold does James have left for his adventures?

Back

$320

Front

Identify the liability from Ethan's expenses: Cell phone, Car, Car loan, Netflix.

Back

Car loan

Front

What does net pay mean?

Back

actual amount of money received in a paycheck.

Front

Service Isla and Hannah might enjoy at the salon: Hair Dryer, Shampoo, Hair Cut, Extensions

Back

Hair Cut

Front

What could NOT be called income?

Back

Insurance payment

Front

Ethan's financial standing: Savings account balance: $1200, Car value: $8700, Car loan debt: $4300. What is Ethan's net worth?

Back

$5600

Front

Kai wants to save $2,500 for a car. He has $1,300 and saves $150/month. How many months to reach his goal?

Back

8 months

Front

What fun activity might Aiden spend his extra money on?

Back

concert tickets

Front

What is a variable expense in Evelyn's budget? Options: insurance premium, rent, electric bill, magazine subscription.

Back

electric bill

Front

An example of a periodic expense would be: insurance premium, rent, electric bill, magazine subscription

Back

magazine subscription