Budgeting

Front

What is a need? Options: Bottle of Soda, Dr. Appointment, Netflix, Concert tickets

Back

Dr. Appointment

Front

What is a want? Options: Gas, Bus ticket, Taylor Swift Ticket, Phone bill

Back

Taylor Swift Ticket

Front

What is the 50/30/20 rule?

Back

50% on expenses, 30% on wants, 20% on savings

Front

What is the fund for unexpected expenses?

Back

emergency fund

Front

Keeping your budget will keep you ____________ for your goals.

Back

on track

Front

How much should you put away for savings? Options: 2000 dollars, 50%, none, 10-20%

Back

10-20%

Front

What is the 20/4/10 rule for buying a car?

Back

20% down payment, contract of no longer than 4 years, and 10% of your budget to make your payments.

Front

What part of your budget goes for wants and optional items?

Back

30%

Front

You go to Starbucks and buy two double mochas for you and a friend. The bill comes to $7.53. How much change do you get back from a $10 bill?

Back

$2.47

Front

Savings accounts are really great for:
- Long term goals or emergencies
- Wants
- Immediate needs
- Current bills

Back

Long term goals or emergencies