Chapter 12 budget

What is the first step to creating a successful budget?

• track your spending

• know what your net income is

• save money

• set goals

Which one is NOT a reason why it is important to track your expenses?

• tells you how much you are spending

• shows where you are spending your money

• shows areas where to cut back

• it allows you to spend more money

Tags

CCSS.3.OA.D.9

What is a fixed expense?

• an expense that will often change from month to month

• it doesn't change from month to month

• its expenses like groceries,gas and entertainment

what are some examples of s fixed expense?

• rent , utilities, insurance, car payment

• groceries,

  gas,

  entertainment

• paying for school intuition

• lunch money

Groceries, entertainment, gas and clothes are examples of ________

What are type of expenses that are often easier to cut

• fixed expenses

• car payment

• insurance payment

• variable expenses

Why is saving money important for budgeting?

• you should always be saving money and should be calculated in your budget

• its not that important

• as you make more money, you should be saving less

• as soon as you save, spend it all on something nice

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

What is the minimum amount you should save?

• 15%

• 20%

• 5%

• 2%

Tags

CCSS.6.RP.A.3C

Goals are helpful in keeping you ______ and focused with maintaining a budget

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.8.3

CCSS.RI.9-10.3

CCSS.RI.9-10.5

What is step five of creating a budget?

• set goals

• save money

• track spending

• keep track, adjust and cut expenses