If you are trying to substantially reduce the amount you spend on food, you should try...
Budgeting 101

Flashcard
•
Social Studies
•
12th Grade
•
Hard
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22 questions
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1.
FLASHCARD QUESTION
Front
Back
Cooking your own food at home for as many meals as possible
2.
FLASHCARD QUESTION
Front
You are interested in renting an apartment for your senior year in college. You meet with the landlord, complete the application, and after checking your credit background and references, the landlord approves your application. In most cases, you will need to provide the landlord with _______ at the time you sign the lease to get the apartment.
Back
First month's rent and a security deposit
3.
FLASHCARD QUESTION
Front
For most Americans, which budget expense category is largest? Housing, Food, Transportation, Clothes
Back
Housing
4.
FLASHCARD QUESTION
Front
You're considering moving into a 4-bedroom apartment with 3 roommates rather than living on your own post-college. Which of your expenses would likely DECREASE by having roommates?
Back
Internet bill
5.
FLASHCARD QUESTION
Front
Which description is most accurate for a Zero-Based Budget? Options: You put every dollar of your take-home pay into a budget category each month, You spend your checking account balance down to $0 every month, You spend your saving account balance down to $0 every month, You pay every one of your debts down to $0 every month
Back
You put every dollar of your take-home pay into a budget category each month
6.
FLASHCARD QUESTION
Front
How is gross pay different than net pay?
Back
Gross pay is the total you earned, while net pay has taxes deducted.
7.
FLASHCARD QUESTION
Front
Which one of these expenses most likely represents a VARIABLE cost in someone's budget?
Options: Electricity bill, Rent, Car insurance premium, Student loan payment
Back
Electricity bill
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