Budgeting

Front

When making a budget, a person’s needs should come before their wants.

Back

True

Front

Is a tax also known as a financial plan?

Back

False

Front

If an expense can NOT be removed from your budget to save money, it is considered a _____. Options: Income, Want, Need, Savings

Back

Need

Front

What does preparing a budget include?

Back

Income, Expenses, Saving

Front

Is pocket money an income or expense?

Back

Income

Front

Which of the following is generally the most expensive category in a person’s budget? Healthcare, Clothing, Transportation, Housing

Back

Housing

Front

A record of income and spending and a plan for managing money.

Back

Budget

Front

When making a budget, a person’s needs should come before their wants.

Back

True

Front

A plan for future spending and saving, weighing estimated income against estimated expenses.

Back

Budget

Front

Telling your money what to do, not wondering where it went is . . .

Back

a budget