budgeting

Preparing a budget includes

• Income, Expenses, Saving
• Only listing your expenses
• Only listing your debts
• Only listing your income

An expense that is the same every month

• Variable expense

• Fixed expense

• Expensive

• Discretionary Expense

Which of the following are needs?

• Food

• Video Games

• Clothing

• Car

• Microwave Oven

A budget is a way to track and manage your

• income and expenses

• math skills

• communication skills

If you are spending too much, what part of your budget should you look to try to save money

• housing

• insurance

• entertainment

Money that is set aside for future short or long term goals or emergencies is called what?

• Allowance

• Needs

• Savings

• Wants

a line with details about a particular expense or savings entry

• transfer

• time payment

• budget item

• predict

to make a guess about the future

• predict

• debt

• budget

• balanced budget

a situation in which the total outgo matches income

• budget

• balanced budget

• time payment

• budget item

to move money from one budget line to another

• predict

• budget

• time payment

• transfer