Expenses
How many types of expenses are there?
What is 4 types of expenses
what is a plan for how you spend your money?
What is a budget
Fill n the blank-Don't spend more ---- than you have
What is money
What is a cash flow statement?
What is a record that summarizes all of the income and outgo (spending) over a certain time period
What percent of Americans say that they are burdened by debt
What is 72% Americans.
paying your electric bill every month but the amount varies from month to month is an example of a what expense?
what is a variable expense
Only what percent of Americans budget?
What is 35 percent?
The hardest part of tracking expenses is just getting into the -----
What is a habit?
What is a variable expense?
What is paying your electric bill every month but the amount varies from month to month
What is the amount of debt for a average borrower
What is $34,000
An expense that comes up at certain times of the year—like when you buy a yearbook or pay your car insurance premium four times a year is an example of a what expense?
Intermittent expense
What percent of Americans say budgeting is important?
What is 95 percent
a record that summarizes all of the income and outgo (spending) over a certain time period
What is a cash-flow statement
What is personal fiance
What is all the financial decisions an individual or family must make in order to earn, budget, save, spend, and give money over time
What is living paycheck to paycheck
What is using all of your money from one paycheck just to make it to the next.
paying rent every month and it’s the same amount every month this is an example of a what expense?
What is a fixed expense
A budget begins in the what of every month?
What is the beging
If you notice that you’re spending too much in a certain budget category, what are some things you could do to fix the shortfall?
cut unnecessary expenses like unused subscriptions or eating out to free up money for the overspent category.
What is a consumer
What is a person or organization that uses a product or service
What are 4 types of debt
What is credit cards, Mortages, Car Loans, and Students Loans.
Expenses that are wants and not needs are an example of a what expense?
What is a discretionary (or nonessential) expense
Personal finance being what percent head knowledge and what percent behavior.
what is 20% and 80%
Here’s how it works: Go to the bank (weekly or monthly) and get some cash. Put the amount of cash you’ve budgeted for each category in its own envelope labeled with the category’s name. Any time you buy something from a category, just use the cash from its envelope. Once the cash is gone, no more spending! this is the what system?
What is the Envelope System
What is debt?
What is money owed to another person or company
What are good habits to practice to avoid debt
What is budgeting, investing, goal setting, giving, establishing healthy boundaries in personal relationships.