Budgeting !

What is a budget?

• A list of all the things you want to buy

• A plan for how to use your money

• The total amount of money you earn

• Another word for your savings account

1. In SMART goals, the 'A' stands for __________.

Saving for a down payment on a car in two years is a...

• Short-term goal

• Mid-term goal

• Long-term goal

• SMART goal

Which of these is a common challenge to sticking to a budget?

• Overestimating income

• Emotional spending

• Saving too much money

• Having no envelopes

The story about Warren Buffett teaches us that:

• You need to be rich to start budgeting

• Starting to save and invest early is powerful

• Stocks are the only way to build wealth

• Budgeting is only for kids

What is an emergency fund and why is it necessary?

1. Saving for retirement is an example of a __________-term financial goal.

1. A cost like rent or a car payment that stays the same each month is called a __________ expense.

1. An __________ fund acts as a safety net for unexpected expenses.

What does the "S" in SMART goals stand for?

• Savings

• Specific

• Spending

• Secure