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Front

Which of the following is NOT a key component of a personal budget? Income, Expenses, Savings, Credit Score

Back

Credit Score

Front

What is the first step in creating a personal budget?

Back

Tracking expenses

Front

Which of the following is an example of a fixed expense? Groceries, Rent, Entertainment, Utilities

Back

Rent

Front

How often should you review and adjust your budget?

Back

Monthly

Front

Which of the following is a short-term savings goal? Saving for retirement, Saving for a vacation, Saving for a child's education, Saving for a down payment on a house

Back

Saving for a vacation

Front

What is the purpose of tracking your income and expenses?

Back

To identify areas where you can cut costs

Front

What is a long-term budgeting strategy?

Back

Investing in a retirement fund

Front

Why is it important to have an emergency fund?

Back

To cover unexpected expenses without going into debt

Front

Which of the following is a type of bank account? Savings Account, Checking Account, Certificate of Deposit (CD), All of the above

Back

All of the above

Front

What is the primary purpose of a checking account?

Back

To manage daily transactions