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SPENDING PLANS
SPENDING PLANS
18 terms
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StudBud Administration
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FINANCIAL LITERACY/SPENDING PLAN
Flashcards
18 cards
F
Practice quiz
P
Host live
L
Questions
18
Answers
1
I PLAN TO BUY A TV IN A COUPLE OF MONTHS WHEN I GET MONEY
FALSE
TRUE
2
THE HIGHEST PERCENTAGE (30%) OF EXPENSES SPENT FROM THE RECOMMENDED PIE CHART IS....
TRANSPORTATION
INSURANCE
HOUSING
SAVINGS
3
MONEY GOING OUT IS AN
EXPENSE
EARNED
EXCUSE
INCOME
4
I PLAN TO SAVE $10 FOR THE NEXT 3 MONTHS FROM MY PAYCHECK TO BUY A $30 WATCH.
TRUE
FALSE
5
A SCHOLARSHIP IS A TYPE OF....
FIXED EXPENSE
GIFT
INCOME
FLEXIBLE EXPENSE
6
A RECOMMENDED AMOUNT IN SAVINGS SHOULD ACCUMULATE HOW MUCH?
8-MONTH OF INCOME
8-MONTH OF EXPENSES
6-MONTHS OF INCOME
6-MONTHS OF EXPENSES
7
THERE ARE TWO BUDGETS: A BUDGET THAT YOU CREATE AS YOUR GOAL, THE OTHER IS THE ______ BUDGET.
MONEY
SUPPOSED TO HAPPEN
BUDGET
ACTUAL
8
I PLAN TO SAVE $100 FOR THE NEXT TEN MONTHS TO BUY CANDY.
TRUE
FALSE
9
PAYROLL DEDUCTIONS ARE THE SAME AS....
INSURANCE
TAXES
MONEY EARNED
INTEREST
10
WHAT DOES THE "T" IN S.M.A.R.T. GOALS STAND FOR?
TIME-BOUND
TASTE
TANGIBLE
TIME-SPENT
11
MONEY COMING IN IS AN
INCOME
EXPENSE
ISSUE
AMAZING FEELING
12
THE "S" IN S.M.A.R.T. STANDS FOR....
SPENDING
SAVING
SPECIFIC
SILLY
13
IMPORTANT TO THE INDIVIDUAL IS
IMPORTANT
REQUIRED
VALUE
DESIRED
14
A WANT IS
REQUIRED
IMPORTANT
DESIRED
VALUE
15
A NEED IS
VALUE
IMPORTANT
DESIRED
REQUIRED
16
ASSETS - LIABILITY =
NET WORTH
TAXES
NET PAY
WHAAAT?
17
WHICH OF THE FOLLOWING IS CONSIDERED A FIXED EXPENSE?
ELECTRIC
RENT
SCHOLARSHIP
GROCERIES
18
THE "M" IN S.M.A.R.T. GOALS STANDS FOR....
MONKEY
MONETARY VALUE
MONEY
MEASURABLE
