A ________ is a plan for the use of money over time based on goals, expenses, and expected income
Chapter 2 Personal Financial Planning Review

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Other
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9th - 12th Grade
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Hard
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13 questions
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1.
FLASHCARD QUESTION
Front
Back
budget
2.
FLASHCARD QUESTION
Front
Allowance, a paycheck, gifts and gains from an investment are examples of ______.
Back
income
3.
FLASHCARD QUESTION
Front
Which one of these expenses most likely represents a VARIABLE cost in someone's budget? Gas, Rent, Car insurance premium, Student Loan payment
Back
Gas
4.
FLASHCARD QUESTION
Front
Monthly rent payments are an example of a(n) _____ expense.
Back
fixed expense
5.
FLASHCARD QUESTION
Front
When putting together a budget, which of the following items should you include? Fixed Expenses, Discretionary Expenses, Savings.
Back
All of the above.
6.
FLASHCARD QUESTION
Front
How do you calculate net worth?
Back
Total assets - Total liabilities
7.
FLASHCARD QUESTION
Front
In the 50/30/20 budget, _____% of your budget should be for wants.
Back
30%
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