Personal Finance Chapter 3

Your monthly budget should include:

Occurs when money is withdrawn from a bank account and the available balance goes below zero

A debit card cannot be used for online purchases.

Which of the following account records would have the most current balance?

To Match your bank statement with your checkbook

Percentage of AMericans living paycheck to paycheck:

Car repairs are a:

Groceries are a:

A written cash flow plan

Your own record of all your transactions

Eating out is a;

The number-one cause of divorce in Borth America today is stress and disagreements ovre money.

Writing a zero-based budget will help you avaoid overspending and impulse purchases.

A cash flow plan that assigns an expense to every dollar of your income.

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

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

An item that is bought without previous planning or consideration of the long-term effects

Expenses that remai the same from month to month.

A written budget, if followed, removes ___ from your finances.

A summary of all the income and outgo over a certain time period

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

Non-essential expenses

Budgeting is crucial to your financial success.

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

Doing a budget does not:

The zero-based budget is the best method of budgeting because:

Rent is a:

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