Financial Coach Dan - Budgeting

A written cash flow plan

• Ledger

• Balance

• Budget

• Debt

Envelopes that are divided into categories and are used to store cash for monthly expenses

• Cash System

• Envelope System

• Grocery System

• Category System

It is important to know how to live within my means and have good money habits

• True

• False

Budgets can be done every once in a while just to check your progress

• True

• False

Budgets give you control by telling every dollar what to do, including the fun stuff!

• True

• False

The _____based budget is the best method of budgeting

• Cash

• Savings

• Zero

• Credit Card

__________ expenses remain the same month to month

• Variable

• Credit Card

• Fixed

• Discretionary

70% of Americans live ___________ to ____________

• day, day

• hour, hour

• breath, breath

• paycheck, paycheck

_________ yourself first means you are prioritizing saving in your life

• Treating

• Paying

• Billing

• Choosing

Do not expect to write a ________ budget on your first try

• Cash

• Envelope

• Perfect

• Housing