Budgeting

Budgeting is crucial to your financial success.

• True
• False

Fixed or variable expense: Groceries

• Fixed

• Variable

Car Payment is an example of what: a fixed expense or a variable expense?

• Fixed Expense

• Variable Expense

Car insurance is a ____________ expense

• fixed
• variable

Medical care is an example of a ______

• Need 
• Want

Who is on the front of a dollar bill?

• Obama

• George Washington

• Abe Lincoln

• Martin Luther King Jr.

The most effective budgets work best with what type of money you have: past or present dollars?

• Past

• Present

What is an ATM used for?

• Withdraw money

• Balance your checkbook

• Order checks

• Write checks

What should you include when you are writing a check?

• Date, Payee(who you are paying), Amount, and Signature

• Amount, Payee(who you are paying), Signature, check number

• Date, Amount, Signature

You can purchase an item now and pay for it later.

• Debit card
• Credit card
• Both