Budget Basics
A plan for spending and saving money.
What is a budget?
Before buying something, compare ______.
What are prices?
The first step before buying a car or computer.
What is deciding what you need?
A person who gives money advice.
What is a financial consultant?
True or False: A budget helps you save money.
What is True?
Money you receive from work.
What is income?
Buying something you did not plan to buy.
What is impulse buying?
You should do this before choosing where to buy.
What is research prices?
To remove something completely.
What does eliminate mean?
True or False: You should spend more than you earn.
What is False?
Money you spend.
What are expenses?
Reducing your spending is called a ______.
What is a cutback?
Money set aside for a future purchase.
What is a savings goal?
Changes made to improve a situation.
What are adjustments?
True or False: Saving for emergencies is a good idea.
What is True?
Money you keep for the future.
What are savings?
A good way to save money is to use these when shopping.
What are coupons?
Buying something only after saving enough money.
What is planning ahead?
To expect something in the future.
What does anticipate mean?
Name one necessary expense.
What is rent, food, utilities, transportation, etc.?
The difference between income and expenses.
What is money left over?
The smartest choice: spending all your money or saving some?
What is saving some money?
A large item such as a car, laptop, or vacation.
What is a big purchase?
To go up and down over time.
What does fluctuate mean?
Name one reason people create a budget.
What is to save money, pay bills, avoid debt, or reach goals?