Finance Chapter 2 Test

Taxes and withholdings impact your ______ ________, which is the amount of money you take home on your paycheck

The cost of groceries and gas is considered an _______ __________

To budget with a _________ ___________, prioritize expenses from most to least important so your most important expenses are covered first.

A _______ _________ needs to be evaluated in light of your other expenses for the month.

A ______ _______ stays the same from month to month.

A __________ __________ should account for fixed, variable, intermittent, and discretionary expenses based on income.

What does a Budget do?

Specific categories are important to consider when creating a budget so you can

A plan for your money: written plan for saving, spending, and giving; Gives you the freedom to spend

Select the two ways money flows