Did Ben Franklin say that?
This tool is a "road map" to help you stay on track and control spending.
What is a Budget?
Housing and transportation are examples of this budgetary category.
What are Needs?
This type of account may have limited access and usually earns interest.
What is a Savings Account?
This is the first step in creating a budget regardless of what system you choose.
What is tracking your monthly expenses?
True or False. I will never have fun again if I start a budget.
False! A good budget accounts for both wants and needs.
This is the name of advanced mathematics you must use to make and track a personal budget.
What is simple addition and subtraction?
Multiplying percentages is a small percentage of the mathematics used.
Often overlooked and considered unimportant, these things give us desire and drive.
What are Wants?
This budget system concentrates only on Savings.
What is the Pay Yourself First system?
True or False. The only way to be successful with a budget is to use an app.
What is False?
There are many ways to track an follow a budget. Applications are easy but may not be the best choice for you.
America's Credit Union offers these tools at no cost to help you budget.
What are Online Budgeting Tools for members?
True or False. A budget must be followed precisely to be effective.
False.
A budget is a guideline. A good budget allows for correction and adjustment.
Want or Need. I always buy Daisy Cottage Cheese to help me stay on track with my low-carb diet.
What is a want?
I need to purchase groceries but I want the more expensive Daisy Brand.
The (blank) will help you give the cold shoulder to debt and help your savings grow.
What is the snowball effect?
True or False. It's important to look at each of the budgeting systems and choose one that fits you.
What is True.
While each system has similarities they have unique characteristics. Choose one that you will likely stick with.
Could earning $75 from America's Credit Union for every friend or family member you refer help you with your budget?
What is Yes?
America's Credit Union will pay you $75 for every referral you give us that opens an account with direct deposit. It's unlimited. Bring as many people as you can.
According to Nerdwalett, 84% of Americans do this every month.
What is overspending?
Want or Need. My hair is a little long so it's time to get it cut.
What is a need?
Grooming and clothing are items we must have to interact with society.
This budgeting system accounts for every single dollar you bring in each month and is known as ______.
What is a Zero Base Budget.
This budget system is a great way to get started tracking every dollar. It will show you where you spend and where you can save.
This way of tracking expenses can help you have a better understanding of where your money is going because you are more actively involved in the tracking.
What is Handwritten Tracking?
Doing this will make or break your budget and is often said to be "the best policy".
What is Honesty?
What is a credit card?
Want, Need, or both. I'm going to purchase a 2025 Ford F250 4x4 Kings Ranch addition.
True or False. You should start reducing debt before you begin to save money.
What is False?
It's never too soon or too late to start saving money. Debt reduction is an important tool to increase the amount of money you save.
What is the correct percentage for each of the following categories in the 50/30/20 budget system?
Savings - Wants - Needs
What is 50% Needs, 30% Wants, and 20% Savings?
You should open an account with this Credit Union to help you save money.
Who is America's Credit Union?