Money received on a regular basis from a job. Weekly or Bi weekly.
Income
What is the first step in creating a budget?
Calculate your total monthly income
When creating a budget you need to be ___ when setting a goal (Choose one: Realistic, Unrealistic, or hazardous)
Realistic
Budgeting requires sacrificing all luxuries and entertainment
False
Who is the actor that plays Deadpool?
Ryan Reynolds.
Money spent on goods and services including bills, groceries, and entertainment.
Expenses
What does it mean to "pay yourself first” in budgeting?
Put money in savings before you pay your bills.
Why is budgeting important?
To help you better manage your money, keep track of spending, save, etc.
Budgeting helps individuals prioritize their spending based on their goals
True
How many Star Wars movies are there?
12.
Keeping track of how much you earn and how much you spend.
Budgeting
How can you track your expenses to create a budget?
Keep receipts, use budgeting apps, or log expenses in a spreadsheet
What are some examples of things you can use your savings for?
Emergency fund, retirement, investments, short-term goals, and long-term goals
True or False. You should revisit and recalculate your budget when you have been budgeting for a while. Wrong answer rewards the other team automatically.
True
What comic first introduced Batman in 1939?.
Money set aside for future use or emergencies. Opposite of Checking.
Savings
What is the budgeting strategy that divides your budget into three categories(percentages)?
The 50/30/20 budget
Two things you need to consider when budgeting.
Wants and needs
The 50/30/20 rule is when you put 50% of your money towards wants, 30% towards savings, and 20% towards needs.
False
Frodo Baggins.
Budget strategy where you use every dollar of income to pay your bills and debt first
Zero based budgeting
What are the three categories for 50/20/30 method of budgeting? (125 points for each correct category or 500 points for all three.)
50- Bills, 20-Savings, 30- whatever you want
We are never too (Choose one: young or old) to save for retirement
Young.
Creating a budget is when you calculate your monthly income, pick a budgeting method and monitor your progress.
True
Who is the final boss in Zelda 2: Links Awakening?
Dark Link.