Chapter 24-25

A budget can be used to help a person attain both long-range and short-range goals

You have more control over fixed expenses than flexible expenses

If you ___________ your account, you spend more than is in your account.

Which of the following is not an additional sources of income?

Which of the following is not a factor to consider when choosing a financial institution (bank)?

Write a check in pencil in case you make a mistake

Some banks charge fees on chceking accounts

When managing money, try to keep fixed expenses to a maximum

You need a checking account to write a _________________.

A set amount of money due on a set date

Rent, installment payments, and property taxes are examples of flexible expenses

A plan for the use and management of money

Fixed expenses must be paid when due

Expenses that vary in amount

When you endorse a check, you sign it on the front side.

Expenses that are paid once a year

A budget is usually not necessary for good money management

What sources of income are risky to include in a budget plan?

To sign a check is to: