Conscious Spending , Budgeting - Hirschman

A Budget doesn't tell you not to spend. A budget

• gives you the freedom to spend

• limits spending on fixed costs

• breaks down your income and taxes

• is only for food, gas, and shopping

A(n) __________ stays relatively the same month to month.

• fixed expense

• intermittent expense

• discretionary expense

• variable expense

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

• Net Income

• Gross Income

• Variable Income

• Irregular Income

The cost of groceries, gas and entertainment are considered ___________.

• irregular expenses

• fixed expenses

• variable expenses

• discretionary expenses

A(n) __________ should account for fixed, variable, intermittent, and discretionary expenses base on income.

• budget

• fixed expense

• saving plan

• investment plan

The envelope system is especially helpful for expenses like ___________

• giving and saving

• groceries, eating out and entertainment

• which type of investments to make

According to the Conscious spending plan what percent of your spending should be for monthly fixed costs?

• 50-60%

• 10%

• 20%

• 30-40%

According to the Conscious spending plan what percent of your spending should be allocated for long-term investments?

• 10%

• 50-60%

• 30%

• 20%

According to the Conscious spending plan what percent of your spending should allocated for savings?

• 10%

• 20%

• 50%

• 80%

According to the Conscious spending plan what percent of your spending should be for guilt free spending?

• 20-35%

• 50%

• 70%

• 5%