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Money Management Flashcards | StudBud
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Money Management
Money Management
15 terms
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45 plays
#Managingmoney
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
What is a need?
A monkey
Something you really want
Something that is essential to your life
A dog
2
What is one of the names of the terms?
Venti
Tall
Inches
Medium
3
You buy less things that you don't need, to get rid of unneeded expenses
False
True
4
What is a fixed expense?
An expense that stays the same no matter what
An expense that changes due to production
An expense that isn't needed
A want
5
What is a variable expense
Something you need
It is a cost that changes due to production
A cost that you don't need to spend
Its a cost that never changes
6
Only some people should have an emergency fund
True
False
7
Where do Christmas presents go in spending?
Variable Expenses
Periodic Expenses
Fixed Expenses
8
Example of a variable expense
The newest tv
Groceries
Snowboard
Rent
9
Example of good spending habits
Getting five cats
Buying your fifth pair of high heels, because they are cute
Getting gas when you need it
Going to the movies everyday for a week
10
What is an example of a need?
Boat
Buying a beach
Vacation
Food
11
Example of a fixed expense
A bike
Rent
Groceries
An Xbox one
12
What does the S stand for in S.M.A.R.T goals
Smart
Specific
Stylish
Spelling
13
What are wants?
Something you don't need, but would be fun to have
Fixed expense
An expense
Something that is needed to live
14
Budgeting is a bad thing, that no one should do
True
False
15
What is something you need to do for money management
Make a plan
Take time to think about life
Lie about how much money you have
Buy more stuff
