Financial Literacy Review

Which of the following is a variable expense?

What is the first step when creating a budget?

What is a need, not a want?

What is a budget?

What is a checking account used for?

If you spend less than you earn, what do you have?

What tool can help you organize your income and expenses?

Which of the following is an example of a short-term financial goal?

What is a want?

Which expense would most likely happen every week?

What is it called if you income is $100 and you total expenses are $120?

Why is it important to track your spending?

Why should you compare prices before making a purchase?

What does "interest" mean when saving money in a bank?

What is the purpose of saving money?

What is an emergency fund?

What should you do if your expenses are higher than your income?

Which of these is a fixed expense?

Which of these should be included in a personal budget?

Which of the following is an example of income?