Budgeting

Front

Income is all the money you earn (make) over a period of time. Usually a month.

Back

True

Front

A budget _________________________.

Back

Lets you know how much money you have and where it's going

Front

All of these are "NEEDS" EXCEPT: HOUSING, MOVIE TICKETS, RENT, GROCERIES

Back

MOVIE TICKETS

Front

Rent and car insurance payments are both which type of expenses?

Back

fixed costs that are needs

Front

Which of the following people would benefit MOST from a personal budget? Tim carefully keeps track of his expenses. Sue spends less than she earns. David is saving for a major purchase. Bob does not have enough money to pay bills.

Back

Bob does not have enough money to pay bills.

Front

Daycare can be very expensive! My friend pays $972 every month for her 3 year old daughter. This is considered a

Back

Fixed Expense

Front

Your pay BEFORE deductions

Back

Gross

Front

Something thought to be an essential item required for life (food, water etc.).

Back

Need

Front

Something unnecessary but you desire.

Back

Want

Front

Money earned after taxes and other deductions.

Back

Net income