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10.10 Financial Literacy--Budgeting (College Now) Flashcards | StudBud

Explore/10.10 Financial Literacy--Budgeting (College Now)

10.10 Financial Literacy--Budgeting (College Now)

5 terms·StudBud Administration·27 plays

This is the Quiz! to go along with the 10.10 workshop.

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Questions 5

Answers

1
You were budgeting $100 a month towards a car and finally saved enough! How will you have to edit your budget?
Exclude the $100 car savings fund expense
Include the amount of the car as income in your budget
Include gas, maintenance, insurance, and a car payment in your expenses
Include a fixed gas amount in your budgeted monthly expenses
2
An example of a variable expense is...
A mortage payment
A car payment
An insurance payment
Emergency medical expenses
3
Why is budgeting important?
It can help keep you on track so you don't overspend
It can help you save money towards something (a car, a new apartment, etc).
It can help keep you out of debt
It is a great habit to start now
4
A fixed predictable expense...
Will not change from month to month
Cannot be budgeted
Will change from month to month
Will change from year to year
5
A budget typically includes...
Investment opportunities
Income and expenses
Interest and debt
All of the above