L1 Budget: Pre-Flashcard

Front

A fixed expense is: A concert ticket, A movie ticket, A bill amount that stays the same every month, A credit card bill

Back

A bill amount that stays the same every month

Front

What is the first step in creating a budget?

Back

Figure out how much money your receiving (income) and spending (expenses)

Front

Which monthly expense is more of a “want” than a “need”? Options: Cell phone bill, Video games, Lunch costs, School supplies

Back

Video games

Front

Financial strategies can be used to reduce the impact emotion has on decision-making.

Back

True