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NS NextUp! Lesson #22: Managing a Personal Budget Flashcards | StudBud
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NS NextUp! Lesson #22: Managing a Personal Budget
NS NextUp! Lesson #22: Managing a Personal Budget
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Questions
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Answers
1
This is a tool that helps you plan for your spending and saving over a period of time.
spending plan
budget
saving plan
2
What does a bank pay you for keeping your money?
cash
interest
direct deposit
3
When your employer directly sends your pay to your bank this is a ______.
good feeling
payday
direct deposit
4
When you owe money to someone or something this is a(n) ____.
expense
bad
debt
5
What is an account that you can easily take money out of?
checking account
savings account
6
Financial Literacy is your knowledge and understanding of how to manage your money.
True
False
7
The amount of money available in your bank account is your _____.
cashflow
deposit
balance
8
Expenses that stay the same each month are ______.
fixed expenses
variable expenses
9
Expense that can change each month are ______.
variable expenses
fixed expenses
10
An expense is money that you spend.
False
True