Budgeting and Banking

What are the two types of depository institutions?

• Credit Unions and Banks
• Savings and Checking
• Wallets and Purses
• Loans and Credit

Why is it important to create a budget?

• You earn more money
• You get things you want before you get things you need
• Helps you plan how you are going to spend your money
• They're pointless

What type of expense is rent?

• Fixed
• Variable

What type of expense is insurance?

• Fixed
• Variable

What type of expense is a car payment?

• Fixed
• Variable

What type of expense are groceries?

• Fixed
• Variable

What type of expense is going out to eat?

• Fixed
• Variable

What does the S in SMART goal mean?

• Short term
• Specific
• Scientific
• Slow

What does the M in SMART goal mean?

• Monthly
• Meaningful
• Measureable
• Manageable

What does the A in SMART goal mean?

• Attainable
• Average
• Allowed
• Always Changing