Budgeting B184

Front

A plan for your estimated income, expenses, and savings.

Back

Budget

Front

A _____ is something that is necessary for humans to live a healthy life an example could be food, water, medical, housing, clothing

Back

Need

Front

Which of the following is NOT a need? Options: Food, Clothes, Netflix, Shelter

Back

Netflix

Front

A ______ is something that is desired e.g. computer, holiday, car, cell phone

Back

Want

Front

What is the first step in budgeting?

Back

Set financial goals

Front

What percentage is recommended for savings? Options: 5%, 10%, 20%, 15%

Back

10%

Front

Your emergency savings fund should have how many months worth of income?

Back

3-6 months

Front

Allowance, wages, tips, and interest earned over time are

Back

Income

Front

Gasoline

Back

variable expense

Front

Rent/mortgage: fixed expense, unexpected expense, variable expense, anticipated income

Back

fixed expense