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- 1. Multiple Choice
Putting away money for future use or an emergencies
Investing
Saving
Budgeting
Credit
- 2. Multiple Choice
Estimate of income and expenses for a set period of time (usually a month).
Budget
Financial Planning
Account Balance
Cash Flow
- 3. Multiple Choice
Total money coming in (pay check) and going out to pay expenses (bills)
Financial Planning
Account Balance
Budget
Cash Flow
- 4. Multiple Choice
Monthly expenses that do NOT change (same amount every time).
Fixed Expenses
Variable Expenses
Liabilities
Cash Flow
- 5. Multiple Choice
Monthly expenses that do change (different amount every time).
Fixed Expenses
Variable Expenses
Liabilities
Cash Flow
- 6. Multiple Choice
Examples of these are: rent, mortagage payment or car payment
Fixed Expenses
Variable Expenses
Budget Surplus
Budget Deficit
- 7. Multiple Choice
Examples of these are: food, gas for car, electric bill
Fixed Expenses
Variable Expenses
Budget Surplus
Budget Deficit
- 8. Multiple Choice
When you have more expenses (bills) than you have income (money coming in)
Fixed Expenses
Variable Expenses
Budget Surplus
Budget Deficit
- 9. Multiple Choice
When you have more income (money coming in) then you have expenses (bills)
Fixed Expenses
Variable Expenses
Budget Surplus
Budget Deficit
- 10. Multiple Choice
Automatically putting money away into savings before spending on anything else?
Fixed Expenses
Variable Expenses
Pay Yourself First
Cash Flow
- 11. Multiple Choice
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
- 12. Multiple Choice
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
- 13. Multiple Choice
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
- 14. Multiple Choice
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
- 15. Multiple Choice
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
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