Budgeting
Flashcard
•
Other
•
10th - 12th Grade
•
Hard
Wayground Content
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15 questions
Show all answers
1.
FLASHCARD QUESTION
Front
Trying to save to buy a house while you are working only 10 hours a week would not be practical.
Back
True
2.
FLASHCARD QUESTION
Front
A complicated budget is more likely to motivate you to achieve your financial goals.
Back
False
3.
FLASHCARD QUESTION
Front
Include expected or estimated income and known or estimated expenses when creating an ongoing goal chart.
Back
False
4.
FLASHCARD QUESTION
Front
What is the first thing to consider when planning a budget?
Back
financial goals
5.
FLASHCARD QUESTION
Front
If your monthly income from your job is $600, and you want to save 25%, how much would you save each month?
Back
$150
6.
FLASHCARD QUESTION
Front
Which items should always be included in a cash flow statement? Options: income from wages, savings, fixed expenses, all of the above
Back
all of the above
7.
FLASHCARD QUESTION
Front
What is the best way to budget your income if you work a different number of hours each week? Options: by averaging income over several weeks, by estimating income over several weeks, by averaging income over several months, by estimating income over several months
Back
by averaging income over several months
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