Budgeting

Front

When creating a budget, what area can you easily reduce to save money?

Back

Discretionary spending

Front

What is one way to sabotage your budgeting goals?

Back

Keep using your credit card without paying off the balance

Front

How often should you review your budget goals?

Back

every month

Front

A budget will stop you from spending too much money.

Back

False

Front

Is pizza a need or a want?

Back

It depends

Front

What will help Marie decrease the amount of money she spends on food?

Back

Going to the grocery store with a list

Front

How does the 50/30/20 method allocate your income?

Back

50% Needs, 30% Wants, 20% Savings & Debt Repayment

Front

Considered the best strategy for building wealth:

• Zero-Based Budget
• 50/30/20 Method
• Pay Yourself First
• Envelope System

Back

Pay Yourself First

Front

Which of the following is an example of buying something you need?

• "I'm buying a microwave because the one I have is no longer working."
• "Getting my nails done at the salon will boost my spirits."
• "I don't want to miss out on these deals during a sale!"
• "I want to impress someone/change how they feel about me."

Back

"I'm buying a microwave because the one I have is no longer working."

Front

The zero-based budget:

Back

ensures that every dollar you make is assigned a specific purpose