One of the easiest ways for a budget to be successful is to:

• be drastic and inflexible

• be completed after you get paid

• be based on small, gradual changes

• use the token system to prevent overspending

Which of the four budgeting techniques is described below:

when your budget is complete, there is no money leftover.

• Envelope

• Zero Balance

• Pay yourself first

• 50/30/20

Which of the four budgeting techniques is described below:

half of your money is set aside for living expenses (must haves).

• Envelope

• Zero Balance

• Pay yourself first

• 50/30/20

Which of the four budgeting techniques is described below:

This budgeting technique is easiest to start when you are younger. It also is good at eliminating debt and growing savings.

• Envelope

• Zero Balance

• Pay yourself first

• 50/30/20

Which of the four budgeting techniques is described below:

Money is set aside each month to fund future goals.

• Envelope

• Zero Balance

• Pay yourself first

• 50/30/20

Which of the four budgeting techniques is described below: Pay for as much as you can with cash.

• Envelope

• Zero Balance

• Pay yourself first

• 50/30/20

What is a monthly plan for how you are going to save and spend your income?

• budget

• investment

• debt

• interest

Borrowed money is called what?

• expense

• asset

• debt

• budget

Which of these could be called a "non-monthly" expense?

• Car payment

• Birthday presents

• Rent/Mortgage

• movie tickets

The purpose of a budget is to:

• establish good spending habits while getting away from bad habits

• limit spending every month

• be able to retire eventually

• allow you to plan for eating out every night