Fill in the Blank A
You must do a written ________ plan every month.
What is cash flow?
A written cash flow plan
What is a budget?
The first wealth-building habit.
What is live on less than you make?
A copy of each check you write.
What is a carbon check?
Cash Flow plans do not work when you ______ things _____.
What is leave out?
Cash flow plans do not work when you ________ your plan.
What is over complicate?
To match your bank statement with your checkbook.
What is a reconcile?
The third wealth-building habit.
What is create a monthly budget and stick to it?
An item that is bought without previous planning or consideration of the long-term effects.
What is an impulse purchase?
You must keep your checking account _______.
What is balanced?
If not managed and made to behave, the _____ card is certain to become a budget buster.
What is debit?
Occurs when money is withdrawn from a bank account and the available balance goes below zero.
What is an overdraft?
The fifth wealth-building habit.
What is stay out of debt?
Series of envelopes that are divided into categories and are used to store cash for planned monthly expenses.
What is the envelope system?
Use ______, or carbon checks, if necessary to keep up with your check register.
What is duplicate?
A written plan, if actually loved and agreed on, will show if you are _________ in a certain area.
What is overspending?
A cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero.
What is a zero-based budget?
The sixth wealth-building habit.
What is pay yourself first?
A summary of all the income and outgo over a certain time period.
What is a cash flow statement?
A written plan, if actually lived and agreed on, will remove many of the ________ in a relationship.
What are money fights?
Budgeting has a ________ connotation.
What is a straightjacket?
Your own record of all your transactions.
What is a check register?
The seventh wealth-building habit.
What is use gifts and "extra" income wisely?
Non-essential expenses.
What is discretionary?
A budget has been used to ________ people.
What is abuse?