Which of the following is an expense which stays relatively the same from month to month, such as a car payment or rent?

Which of the following is an example of a variable expense?

Which of the following money personalities is described as a person who enjoys spending their money either on themselves or others rather than saving it?

Which of the following is NOT a common budgeting strategy?

Which of the following is the sum of the individual’s current assets minus the individual’s total liabilities?

Which of the following are goals which can be achieved in less than a year of time?

Which of the following correctly defines the “M” in the goal setting acronym SMART?

Which of the following is NOT classified as a spending need?

Based on the 50/30/20 rule for allocating resources, which of the following percentages should be devoted to savings?

Based on the 50/30/20 rule for allocating resources, which of the following percentages should be devoted to variable expenses?

Based on the 50/30/20 rule for allocating resources, which of the following percentages should be devoted to necessities/fixed expenses?

Which of the following refers to personal belongings which have value?

Which of the following is an example of a personal asset?

An individual has total assets of $120,000 and total liabilities of $80,000. What is his net worth?

Which of the following is considered to be a short-term goal?

Which type of people likes to plan for the future and are prepared for any type of financial situation?

Which of the following refers to individuals who do not consider money as a necessity and do not have much of an opinion on money?

What does “A” represent in SMART goal setting practices?

What does “A” represent in SMART goal setting practices?

Which step of the financial planning process involves devising strategies to help accomplish financial goals?

Which of the following is the last step in creating a personal financial plan?

What is the best way to create a budget?

Which of the following is an advantage of creating a budget?

What term means spending money on non-necessities or “wants”?

Which of the following categories would contain the most fixed expenses?

What are unplanned, spontaneous purchases sometimes triggered by emotions?

Budgets are the cause of many people’s debt. 

An emergency cash fund is dedicated to covering unexpected expenses.

Fixed expenses are often your most important, essential items and living expenses

Making wise choices about discretionary spending can help you save money to achieve your goals.

Customizing a financial plan for your own lifestyle, values, and needs makes it difficult to succeed

Once your budget is created, you will never have to look at it or change it again.

Gifts

Car Payment

Rent

Travel

Car Repairs

Phone Bill

Vet Bill

Loan Payments

Loan Payments

Entertainment

Medical Expenses

Which of the following is defined as Unplanned, spontaneous purchases sometimes triggered by emotions

Which of the following is defined as individual’s expenses and outstanding debts

Which of the following is defined as goals set to be achieved in about five to 10 years

Which of the following is defined as individual who enjoys investing money into high-risk ventures

Which of the following is defined as categories in which people can be put based off of their spending and saving habits

Which of the following is defined as expenses which help an individual to live more comfortably

Which of the following is defined as process of creating a plan to spend and save money

Which of the following is defined as an individual who enjoys spending money on himself/herself or others

Which of the following is defined as goals set to be achieved in about 10 or more years

Which of the following is defined as ggoals set to be achieved in less than a year of time

Which of the following is defined as Refers to money spent on non-necessities or “wants”

Which of the following is defined as individual’s belongings which have value

Which of the following is defined as Ranking needs and wants in order of importance

Which of the following is defined as an individual who plans for the future and is prepared for any type of financial situations

Which of the following is defined as itemized summary of the expected income and expenses for a defined period of time

Which of the following is defined as individual who does not consider money as a necessity and does not have much of an opinion on money

Which of the following is defined as expenditures which are essential for an individual to be live and function

Which of the following is defined as an individual who likes to save money rather than spend money

Which of the following is defined as Money dedicated to covering unexpected expenses

Which of the following is defined as goals set to be achieved in about five to 10 years