Budgeting

Flashcard
•
Mathematics
•
12th Grade
•
Hard
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15 questions
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1.
FLASHCARD QUESTION
Front
What does a budget compare?
Back
Income and Expenses
2.
FLASHCARD QUESTION
Front
A vacation is an example of a _________
Back
want
3.
FLASHCARD QUESTION
Front
Medical care is an example of a ______
Back
Need
4.
FLASHCARD QUESTION
Front
What are needs?
Back
Necessary items that are paid monthly/yearly such as food, housing, transportation, utilities, & Insurance.
5.
FLASHCARD QUESTION
Front
What is total monthly income?
Back
Income from all possible sources.
6.
FLASHCARD QUESTION
Front
What is the purpose of budgeting?
Back
To plan and control spending to ensure financial stability.
7.
FLASHCARD QUESTION
Front
What are fixed expenses?
Back
Expenses that do not change from month to month, such as rent or mortgage.
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