Chapter 3 - Budgeting

Which one of these is a type of budget form?

• Cash Flow Plan

• Lump Sum Payment

• Zero-Based Budget

• Irregular Income Planning Sheet

• All of the Above

T or F
Money fights INCREASE as time goes on...

• True

• False

An overdraft fee is also called a . . .

Match the following budgets to their descriptions

• Lump Sum Payment

• Used for people who have an inconsistent income

• Zero Based Budget

• Gives each $ a purpose to equal 0

• Irregular Income Planning

• Divides yearly fees into 12 monthly payments

• Cash Flow Plan

• A written monthly plan detailing all bills to be paid BEFORE the month starts

The best way to double check your checking account balance is. . .

T or F.

You can open you bank account your own account at any time at any age.

• True

• False

A sign of crisis living is

• Impulse Purchase

• Non-sufficient fund/NSF

• Bounced Checks

• Overdraft Fee

The envelope system can be used to spend on . . .

You must have money in your account to use this card

• Credit Card

• Debit Card

• ATM Card

• Target card

Please check all the components to a healthy financial plan

• Health Insurance

• Emergency Plan

• Car Payments

• Multiple Jobs

• Written Budget