Chapter 3: Recordkeeping

It is the way for you to manage you money.

• Emergency Fund

• Recordkeeping

• Fixed expenses

• Expenditures

The items you spend your money on

• Recordkeeping

• Budget sheet

• Expenditures

• Emergency Funds

It's where you record your expenses on.

• Living expenses

• Emergency fund

• Budget Sheet

• Expense Summary

These expenses change from month to month.

• Fixed expenses

• Living expenses

• Annual expenses

• Budget sheet

These expenses stay the same from month to month

• Living expenses

• Fixed expenses

• Annual expenses

• Expense summary

You must divide this by 12 when it is not given in "Monthly Share of" form

• Living expense

• Fixed expense

• Budget Sheet

• Annual expense

This compares the amounts that you spend to the amounts that you have budgeted.

• Expense Summary

• Recordkeeping

• Annual Expenses

• Budget Sheet

You should save at least 4 - 6 months of your monthly net income for this.

• Fixed expenses

• Annual expenses

• Living expenses

• Emergency Fund

Here are records for 3 months - $1368.22, $1365.00, $1337.21. What is their average monthly expenditures

• 4070.53

• 4007.53

• 1356.81

• 1365.81

Using the chart, what is the monthly average for credit card payments?

• 46.05

• 65.03

• 56.04

• 64.03