Uno
Zwei
Tre
Ceithre
Senk
100
When did most adults develop healthy spending habits?
As teenagers
100
Keep it simple is an example of ________ and __________ a budget?
establishing and maintaining
100
2-3 weeks is how often you should ______ your budget?
Review
100
Medium term goals are things to be accomplished in how many years?
5-10 years
100
What categories of information are included in a budget plan?
Fixed expenses, variable expenses, and savings
200
CD player, car or college degree are all examples of what?
short-term goals
200
What is listed first on a cash flow statement?
Income
200
You should use your cash flow statement to determine your what?
Income
200
Mowing lawns, coaching, and shoveling snow are examples of what type of jobs?
Seasonal
200
To get a good idea of how much to budget toward an expense, such as car repair, you should do what?
Look 2-3 years back in time
300
To set goals for short, medium & long term goals is an example of what chart?
Goal Chart
300
How many days of repeating an action does it take to create that habit (according to experts)?
30 days
300
Auto repairs, electricity bills and clothing are examples of what type of expenses?
Variable Expenses
300
What are fixed expenses?
Expenses that stay the same or do not change
300
If you have two or more deficit weeks in a row, what does this indicate?
You need to cut back on your spending.
400
What kind of spending decisions lead you to spend the money on what you actually want?
Conscious spending
400
5% of what should be set aside in an emergency fund?
Monthly income
400
What is a good way to figure out if a budget plan works for you?
Try it out for a few weeks
400
In addition to your income, your expenses, and your emergency fund, your budget should include what two things?
Sharing and Savings
400
How often should you review your budget?
Every couple of months
500
What is a budget?
A goal of how you use your money and how much you're getting
500
Expenses, variables, savings & sharing should be included in what type of statement?
Cash Flow
500
Unexpected sources of money such as birthday money is called what?
"Windfall" money
500
What are four examples of fixed expenses?
Mortgage, rent, car payment and student loan
500
What does it mean to consolidate your debts?
To combine them
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