Chapter 3: Recordkeeping

Flashcard
•
Business
•
9th - 12th Grade
•
Hard
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14 questions
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1.
FLASHCARD QUESTION
Front
It is the way for you to manage your money.
Back
Recordkeeping
2.
FLASHCARD QUESTION
Front
The items you spend your money on
Back
Expenditures
3.
FLASHCARD QUESTION
Front
It's where you record your expenses on.
Back
Budget Sheet
4.
FLASHCARD QUESTION
Front
These expenses change from month to month.
Back
Living expenses
5.
FLASHCARD QUESTION
Front
You must divide this by 12 when it is not given in "Monthly Share of" form. Options: Living expense, Fixed expense, Budget Sheet, Annual expense
Back
Annual expense
6.
FLASHCARD QUESTION
Front
This compares the amounts that you spend to the amounts that you have budgeted.
Back
Expense Summary
7.
FLASHCARD QUESTION
Front
You should save at least 4 - 6 months of your monthly net income for this.
Back
Emergency Fund
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