What is a benefit of using a budget? Options: Helps to keep track of the money you receive, Helps to prioritize your spending, Helps reach short- and long-term financial goals, All of the above
Budgeting

Flashcard
•
Mathematics
•
10th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
All of the above
2.
FLASHCARD QUESTION
Front
What should NOT be considered when setting a current budget? Options: Your financial goals, Needs and wants, Savings, Future income
Back
Future income
3.
FLASHCARD QUESTION
Front
What are good places to look to find your current expenses when building your budget?
Back
Bank and credit statements
4.
FLASHCARD QUESTION
Front
Bank statements, credit statements, and records of cash expenses help you to estimate your ________.
Back
expenses
5.
FLASHCARD QUESTION
Front
In addition to needs, what should you plan for first when creating a budget?
Back
Recurring expenses
6.
FLASHCARD QUESTION
Front
When should you look at recurring expenses in your budgeting process?
Back
Before reviewing your wants
7.
FLASHCARD QUESTION
Front
Ways to track your spending: Envelop method, Spreadsheet budget, An app, All of the above
Back
All of the above
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