Module 3
_____ consists of money that you earn, home business income and money that your spouse and family member earn.
Income
The term ____ means money that is owed by one person to another, or to a company
Debt
Two types of goals you can set when making a budget are ______
Long and Short Term Goals
One great way you can cut costs is to ________.
Cut out some bad habits
There are tools for everyone, whether you’re technically advanced or________.
Technophobic
When considering your income, you only want to include income that you ____ earn.
Consistently
A weekly cash allowance can help you stick to _______.
your budget
It’s best to have your savings account as an ______ account.
Online only
Deferment is available for what kind of loan?
Federal Student Loan
A ____ notebook shows you what you’re spending your money on.
expenditure
____ Expense, is an expense in which the amount stays the same each month
Fixed
Having a ________ can be very beneficial to get the hardship of debt off of your plate.
Budget
What is a Mindful Spending question?
Do I need it?
Do I want to?
Do I love it?
Do I like it?
The ______ method eliminates highest interest rate debt first
Avalanche
A phone application is not used for the ____ method.
envelope
A _______ is a very personal tool, and is tailor made for each individual.
Budget
A _______ teaches you how to make your money last.
Weekly Cash Allowance
A ____ fund can help you pay for Car Insurance, Birthday presents and hobbies
Sinking
Starting to take public transportation is a way to cut out ____ costs.
transportation
A should person check their credit reports every _____
year
You can see exactly what you are spending your money on by using a ________
Expenditure Log
Some ____ offer a free savings account to their customers
banks
You should have a minimum of _____ expenses in your Emergency savings.
Three month's
Negotiating a lower interest/APR rate, balance transfer, and personal loan are some ways to tackle ____ debt
credit card
An exceptional credit score is _______.
800-850