Budget+ Video Quiz

The best way to make a financial decision is to:

• All of these
• determine the opportunity cost
• list the criteria
• evaluate the alternatives

Another way to make a decision is to:

• list the plus, minus, & interesting things about it
• ask friends
• wait for it to resolve itself
• flip a coin

Expenses that can change from month to month, depending on your choices.

• Variable Expenses
• Fixed Expenses
• Deductible Expenses
• Depreciable Expenses

Expenses that must be paid each month.

• Fixed Expenses
• Opportunity Expenses
• Variable Expenses
• Gross Expenses

A form that allows you to plan for your income & expenses.

• Budget
• Checking Account
• Credit Card
• Insurance

A short-term goal is usually included in a

• 1 year plan
• 5 year plan
• 10 year plan
• 20 year plan

A long-term goal is usually included in a 

• 10-20 year plan
• 1 year plan
• 6 month plan
• 99 year plan

Preparing a budget includes

• Income, Expenses, Saving
• Only listing your expenses
• Only listing your debts
• Only listing your income

Examples of Fixed Expenses include:

• Mortgage, loans, rent
• Cable, entertainment, food
• Gas, food, phone
• Clothing, gas, food

A Cash Flow displays what?

• Balance of money at end of each month
• How many times you played video games
• The stock market
• The status of our economy