2.1
Fill in the blank.
A budget is a ____ for your money.
What is a plan?
What is an example of a discretionary (Nonessential) expense?
(Answers vary)
What is traveling, beauty products, hobbies etc.
What does a zero-based budget NOT mean?
What is zero dollars in your bank account?
Fill in the blank.
A budget gives you _____ to spend on things that YOU want?
What is permission?
What is earnings based on a percentage of the sales made?
What is commission?
Personal Finance is 20% _____ and 80% _____?
What is head knowledge and behavior?
What is an expense that remains the same from month to month?
What is a fixed expense?
What are the 4 walls you should prioritize?
What is shelter, utilities, transportation, and food?
Fill in the blank.
When you use _____, you end up spending less?
What is cash?
What is income that comes in at different amounts or at different times, or both?
What is Irregular Income?
Your biggest wealth building tool is your ____?
What is income?
What are the four components of a budget?
What is income, giving saving, and spending?
What is the name of what a person earns after payroll taxes and other deductions are taken out; often referred to as take-home pay?
What is net income?
What is one of the best ways to track your expenses?
What is the envelope system?
What are the money personalities that can affect your attitude towards budgeting?
What is a saver or and a spenger?
What % of people do budgeting every month?
What is your income? Give examples.
What is any money you earn or receive as a gift.
Examples vary: Birthday, Job, gifts etc.
What is the amount you earn before taxes and other payroll deductions?
What is gross income?
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 is the purpose of a budget buddy?
What is to hold you accountable and keep you on track with your money goals?
A good budget also breaks down your _____ and _____ into specific categories so you know exactly where your money comes from and where you plan to spend it.
What is income and spending?
Fill in the blank.
To keep your budget organized and on track, break your budget into ____?
What is separate categories?
What budget is the most effective type of budget?
What is the zero-based budget?
What is the best way to stick to your budget?
What is tracking your expenses?
What type of fights lead divorces in America?
What are money fights?