Financial Literacy Chapter 3

"Pay yourself first" means you put part of your income into saving and investing every month

Eating out is a 

Online bill pay allows you to make payments without having to write a check and send it

A debit card cannot be used for online purchases

The number one cause of divorce in North America today is stress and disagreements over money

Car repairs are a 

Envelope system works for managing spending on things that don't have a fixed monthly expense

Which  of the following is not a record keeping feature you could expect from your bank?

rent is a:

Budgeting is crucial to your financial success

Doing a budget does not

Groceries are a

Percentage of American s living paycheck to paycheck

Your monthly budget should include

Having more than one bank account is never a good idea since it can complicate money management

Which of the following is a consequence of overdrawing your checking account?

If you write a zero-based budget every month, it is not necessary to reconcile your account

A written budget, if followed, removes _______ from your finances

Setting up automatic transfers is the easiest way to build your savings for your emergency fund

Which of the following is something that a typical millionaire would do?