Budgeting and Debt

To manage your money effectively, you need a ___________.

• checkbook

• budget

• lot of money

• computer

You should do a cash flow plan every _____________.

• 3 months

• 6 months

• month

• 2 months

A budget will remove _________________.

• money fights

• stress

• guilt

• all of these

You should never ____________________ your budget.

• over complicate

• leave things out

• adjust

• both overcomplicate and leave things out

Which of the following is NOT one of the five things you should budget for after giving and saving?

• transportation

• shelter

• food

• entertainment

A cash flow plan will show you where you ____________________.

• have unexpected costs

• are overspending

• will be financially in a year

• are located

Which is the best way to buy a car?

• lease

• purchase new

• used (2 years or older)

• fixer upper

You will spend _______________ more on purchases when you use plastic instead of cash.

• 10-20%

• 8-15%

• 12-18%

• 15-25%

A form of financial aid that doesn’t have to be repaid is ______________.

• student loan

• tuition

• grant

• personal loan

When companies use easy payments as a marketing tool, they are using which technique?

• personal selling

• financing

• repetition

• product positioning