budgeting(coursework)

Which of the following is NOT a need?

• Food
• Clothes
• Netflix
• Shelther

Which of the following is an example of a variable expense

• Food
• Rent
• Car payment
• Student loan

Your emergency savings fund should have how many months worth of income?

• 1-2 months
• 10 months
• It doesn't matter
• 3-6 months

Which of the following is an example of a "life change" that would effect your budget?

• marriage
• children
• change in job
• all of these

What are your liabilities?

• things you own
• money you have in the bank
• money you owe others
• the excuses you have for not meeting your budget

A plan for your estimated income, expenses, and savings.

• Credit Rating
• Budget
• Bankruptcy
• Financial Goals

Something that is nice to have but not necessary is a

• need
• want
• value
• option

Tags

CCSS.RI.7.2

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

Which of the following is a sign that you have a budget deficit?

• Your savings account balance grows every month. 

• You overdraw your checking account on a consistent basis (with a $34 cost per overdraft).

• Your checking account balance grows every month.

• You pay more than the minimum monthly loan payment towards your student loans.

Tags

CCSS.6.NS.C.7C

Budget

• Anything that you might incur an expense for

• Is a spending plan for managing your money that includes income and expenses

• All expenses deducted from income before net pay can result.

• Income after all deductions have been paid.

Fixed expenses

• Is a spending plan for managing your money

• Income from all possible sources

• Expenses that change from month to month depending on how much you use it.

• Expenses that remain about same month after month no matter how much you use it.