Budgeting for Teens
Your apartment rent, tickets to a concert, a pepperoni pizza, and your cell phone bills are
What are expenses
This accurately describes fixed expenses
This is NOT a way to balance your budget
What is borrowing money from your friends every month to make up the difference
If you receive inconsistent income, this is the best advice
What is save a lot in months when yo make a lot
This is an example of a fixed expense
What is the insurance premiums you pay every month
This is NOT a benefit of hourly work
What is consistent paycheck
How do their needs and budgets compare (14)
What is their budgets would have different needs and different wants
Raina allocates all of her income toward expenses or saving. There's not dollar that is unaccounted for, this is her strategy.
What is zero based budgeting
This is typically the largest single expense for Americans
What is housing
What is D a 30 oz bag of generic cereal for $4.68
The main function of using the cash envelope system
What is you allocate your spending cash for wants so you are spending intentionally and sticking to your budget
This percentage of housing costs defines a household as housing burdened
What is 30%
This is the most useful piece of budgeting advice for variable expenses
What is track your variable expenses for a few months to find your average monthly cost
If Jugo makes $6000 a month in take-home pay and utilizes 50/30/20 method of budgeting he puts this much toward his wants every month
What is $1800