Budgeting Test Test

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

Examples of Fixed Expenses include:

• Mortgage, loans, rent
• Cable, entertainment, food
• Gas, food, phone
• Clothing, gas, food

_____ is something owed to another-- an obligation to pay

• income
• debt
• goal
• money

Tags

CCSS.RI.11-12.4

CCSS.RI.9-10.4

CCSS.RL.11-12.4

CCSS.RL.8.4

CCSS.RL.9-10.4

A safe place that holds your money for when you need it

• checkbook
• budget
• bank
• deposit

Tags

CCSS.RI.11-12.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

CCSS.RI.9-10.4

Money earned through employment and investments

• budget
• expense
• income
• debt

Things necessary to live

• wants
• goals
• needs
• money

Pretty much everything you need, want or do requires what

• time
• needs
• money
• budget

when you take money out of your bank account

• deposit
• balance
• withdrawal
• checkbook

Tags

CCSS.4.MD.B.4

when you put money in the bank you are making a 

• withdrawal
• debt
• deposit
• income