Financial Readiness Test

The money we earn

• Expenses
• Fixed expenses
• Variable expenses
• Income

All the money spent on various aspects of life

• Income
• Expenses
• Fixed expenses
• Variable expenses

Regular and predictable financial commitments that remain consistent from month to month.

• Income
• Expenses
• Fixed expenses
• Variable expenses

Expenses that are flexible and can change from month to month

• Variable expenses
• Income
• Expenses
• Fixed expenses

A plan that helps you manage your money wisely

• Needs
• Wants
• Budget
• Checking account

The essentials for daily living, like food, shelter, and clothing – the must-haves that keep you going

• Needs
• Budget
• Wants
• Checking account

The extras in life, the things that aren't necessary for survival.

• Budget
• Needs
• Wants
• Checking account

A bank account that is designed for frequent and everyday transactions.

• Savings account
• Checks
• Debit card
• Checking account

A payment card that deducts money directly from a linked checking account when used for transactions

• Checking account
• Savings account
• Debit card
• Checks

Written orders from an account holder to their bank to pay a specific amount of money to the person or business named.

• Checks
• Checking account
• Savings account
• Debit card