Personal Finance - Chap 3 (Budgeting) Review - 3

Series of envelopes that are divided into categories and are used to store cash for planned monthly expenses.

Writing and following a zero-based budget will help you avoid overspending and impulse purchases.

Setting up automatic account transfers is the easiest way to build your savings for your emergency fund or large purchases.

Doing a budget does not:

An item that is bought without previous planning or consideration of the long-term effects.

Your own record of all your transactions.

The envelope system works great for managing spending on things that don't normally have a fixed monthly expense.

Which of the following is not a record-keeping feature you could expect from your bank?

A written budget, if allowed, removes ___ from your finances.

Rent is a