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WorksheetsBudgeting Basics
Total questions: 15
Worksheet time: 8mins
Putting away money for future use or an emergencies
Investing
Saving
Budgeting
Credit
Estimate of income and expenses for a set period of time (usually a month).
Budget
Financial Planning
Account Balance
Cash Flow
Total money coming in (pay check) and going out to pay expenses (bills)
Financial Planning
Account Balance
Budget
Cash Flow
Monthly expenses that do NOT change (same amount every time).
Fixed Expenses
Variable Expenses
Liabilities
Cash Flow
Monthly expenses that do change (different amount every time).
Fixed Expenses
Variable Expenses
Liabilities
Cash Flow
Examples of these are: rent, mortagage payment or car payment
Fixed Expenses
Variable Expenses
Budget Surplus
Budget Deficit
Examples of these are: food, gas for car, electric bill
Fixed Expenses
Variable Expenses
Budget Surplus
Budget Deficit
When you have more expenses (bills) than you have income (money coming in)
Fixed Expenses
Variable Expenses
Budget Surplus
Budget Deficit
When you have more income (money coming in) then you have expenses (bills)
Fixed Expenses
Variable Expenses
Budget Surplus
Budget Deficit
Automatically putting money away into savings before spending on anything else?
Fixed Expenses
Variable Expenses
Pay Yourself First
Cash Flow
In the 50-30-20 Budget - anything that is necessary (needs) for a person to live a healthy life should be __________% of their budget
20%
30%
50%
None of the above - these don't go in the budget
In the 50-30-20 Budget - anything that you would like to have (wants) should be NO MORE than __________% of their budget
20%
30%
50%
None of the above - these don't go in the budget
In the 50-30-20 Budget - you should "Pay Yourself First" by putting AT LEAST __________% of your budget into savings.
20%
30%
50%
None of the above - these don't go in the budget
Rent/housing, Food, Clothing, Transportation is part of the __________% in a 50-30-20 Budget.
20%
30%
50%
None of the above - these don't go in the budget
Movie or Music Subsriptions, video games, eating out, concerts, are part of the __________% in a 50-30-20 Budget.
20%
30%
50%
None of the above - these don't go in the budget
