Budget
A budget is a plan for managing this.
What is money?
Budgeting is the process of creating this.
What is financial plan?
This type of budget plans for personal or family expenses.
What is a personal budget?
Budgeting helps people avoid this financial struggle.
What is debt?
One good tip for budgeting is to spend less than you ___.
What is earn?
A budget helps to track income and ___.
What are expenses?
Budgeting helps to control______.
What is spening?
Governments use this type of budget to manage national spending.
What is a national (or government) budget?
Budgeting helps people save for these big expenses, like a house or college.
What are long-term goals?
You received an income of $4,000. Allowance of $1,000. Your expenses are $1,290. What is your planned net income?
What is $3,710.00
True or False: A budget is only for businesses, not individuals.
What is false?
A person who spends wisely and follows a budget is called_____.
What is financially responsible?
This budget type is used by businesses to track income and expenses.
What is a business budget?
Budgeting helps people live within this.
What is their means?
This practice helps track where money goes over time.
What is keeping a record (or tracking expenses)?
A budget helps individuals and businesses to avoid this financial problem.
What is debt?
Name one tool or method that is used for budgeting.
What is spreadsheet or budgeting app?
A budget that adjusts based on income is called ___.
What is a flexible budget?
A good budget helps reduce this, which is caused by money problems.
What is stress?
To avoid impulse spending, you should make this before shopping.
What is a shopping list?
The three main parts of a budget are income, expenses, and ___.
What is savings?
The first step in budgeting is identifying this.
What is income?
A strict budget with set amounts for spending is called ___.
What is a fixed budget?
Budgeting helps businesses and governments avoid this.
What is financial crisis (or overspending)?
A good way to stick to a budget is to set these financial goals.
What are short-term and long-term goals?