Budgeting

to buy something at a lower price.

• online

• tip

• sales tax

• discount

a tax, or money added to the price of something

• sales tax

• tip

• online

• money

extra money given for good service

• enough money

• tip

• sale

• online

Budgeting is crucial to your financial success.

• True
• False

If an expense can NOT be removed from your budget to save money, it is considered a _____.

• Income

• Want

• Need

• Savings

When making a budget, a person’s needs should come before their wants.

• True

• False

If an expense can be cut from your budget to save money, it is considered a ______.

• want

• need

• income

• savings

Of all the choices, which one should you budget for first?

• Groceries

• Entertainment

• Cell Phone Bill

• New Car

What is a need?

• Something you must have

• Something you'd like to have

• Something you would like to do

• All of the above

8.The money an individual spends regularly for items or services.

• Budget

• Expense

• Checking Account

• Financial Plan