Shroutrageous Budgeting

Front

What is NOT a benefit of tracking your income and expenses? You earn interest when you start to make a budget.

Back

You earn interest when you start to make a budget.

Front

TRUE OR FALSE: When you make your budget, you should plan your expenses with your actual income in mind.

Back

True

Front

A budget is:

Back

A record of how much you’re spending on different things, A plan for how much you want to spend on different things, Writing down how much income you make exactly each month.

Front

Which of the following should Sally consider when planning her monthly personal budget?
Options:
How many pencils she will trade with another student.
How many beads she will buy at the craft store.
How many books she will read at the public library.
How much tv she will watch this week

Back

How many beads she will buy at the craft store.

Front

Match definition to correct term:
Money earned

Back

income

Front

Which of the following is a fixed expense? Monthly rent payment, Buying clothes, Dining out, Grocery shopping

Back

Monthly rent payment

Front

TRUE OR FALSE: Saving a portion of your income is an essential part of personal finance management.

Back

True

Front

What is one primary purpose of creating a budget?

Back

To track your spending habits

Front

When we budget or buy things what do we need to know?

Back

How much money you have

Front

What is an emergency fund?

Back

Money set aside for unplanned expenses