Budgeting/Spending

A spending plan is a tool used to record and ______ projected and actual income and expenses over a period of time

• predict

• track

• eliminate

• anticipate

Tags

CCSS.L.9-10.4

CCSS.RI.9-10.4

Due to the change that comes with various life stages, spending plans must be...

• strict

• disorganized

• complex

• flexible

Tags

CCSS.RI.9-10.2

True or False: Any money left over in a budget should be put into savings.

• True

• False

Not using a spending plan can leave you unprepared for...

• children

• college

• emergencies

• retirement

What is included in someone's personal financial situation?

• needs

• values

• life situation

• all of the above

True or False: You need to consider both fixed and variable expenses when creating a budget.

• True

• False

It is important to review your financial progress and ________ your budget.

• exceed

• forget

• revise

• share

Tags

CCSS.L.9-10.4

CCSS.RI.9-10.4

What is money received for no exchange, such as a gift?

• Earned income

• Unearned income

________ expenses occur every period and are typically about the same amount.

• Fixed

• Variable

Negative cash flow typically results in _______.

(Watch your spelling!)

Tags

CCSS.L.9-10.2

CCSS.L.9-10.2C