Budgeting Quiz

What is an asset?

• A valuable thing or quality

• A cost required for something

• The total wealth of an individual

• The money one has saved

What is a budget?

• A written record of money flow

• An informal document for cash flow

• A method for visualizing expenses

• A monetary target to strive for

What is a spending plan?

• An informal document for cash flow

• A method for visualizing expenses

• A monetary target to strive for

• A valuable thing or quality

What is the envelope money system?

• A method for visualizing expenses

• A popular budgeting method

• A monetary target to strive for

• A valuable thing or quality

What is an expense?

• A valuable thing or quality

• A cost required for something

• The total wealth of an individual

• The money one has saved

What are financial goals?

• A valuable thing or quality

• A cost required for something

• Monetary targets to strive for

• The money one has saved

What is financial planning?

• A written record of money flow

• An informal document for cash flow

• A document detailing financial circumstances

• A monetary target to strive for

What are fixed expenses?

• Costs that largely remain constant

• Costs that are easily changed

• Monetary targets to strive for

• A valuable thing or quality

What are flexible expenses?

• Costs that largely remain constant

• Costs that are easily changed

• Monetary targets to strive for

• A valuable thing or quality

What is a goal?

• A valuable thing or quality

• A cost required for something

• The object of a person's ambition

• The money one has saved