Creating a budget 18.1

Tina earned $15 doing laundry and $9 washing the car last month. She created a balanced budget for her earnings. Which table could show Tina’s budget?

• 
• 
• 
• 

Lola is saving for a vacation. Based on the budget numbers here, how much can she put in her vacation account this month?

• $32.00

• $48.00

• $112.00

• $128.00

Learning to manage your money will help make you _______ meaning you understand the basics of finance.

The first step in making a budget is to:

• identify all sources of income

• how much monthly bills are

• identify all places of spending

• get a piece of paper

________is designed to provide financial security to the family of the insured, if that person dies.

Most renters pay a ______ when they sign a lease. This is money given as an assurance to the owner that the tenant will follow the lease terms.

• utility deposit

• property deposit

• utilities

• security deposit

Once a budget is established, you should not make a sincere effort to follow it.

• True

• False

What type of expense is a set amount of money due on a set date?

• fixed expense

• flexible expense

When you purchase insurance, you are the _______. The insurance company is the _______.

• insurer; insured

• insured; insurer

There are ___ basic types of automobile insurance.