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WorksheetsChapter 20: Managing Your Money
Total questions: 9
Worksheet time: 5mins
A plan for saving and spending money based on your income and expenses
Cash Flow
Budget
Taxes
Expenses that change each month are called...
Fixed
Flexible
Income
The first step in making a budget is to...
Decide on your goals
Increase your income
Decrease your expenses
An example of a fixed expense is...
Concert tickets
Rent
Clothes
An example of flexible expense is...
Car payments
Rent
Clothes
Financial records are only useful if they are...
Hand written
Computerized
Reviewed regularly
Your income should be...
less than or equal to expenses
equal to or more than expenses
half as much as your expenses
As you move toward adulthood, your financial responsibility...
increases
decreases
is not important
Your financial plan may require change if you...
get married
change jobs
both of these things
