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Money Management Flashcards | StudBud
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Money Management
Money Management
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Flashcards
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Questions
21
Answers
1
Check one or more good reasons for keeping financial records
to prove that your bank made a mistake
to help keep track of your money
to keep up with things your neighbors buy
to show that you paid for something
2
Developing thrifty habits can help you...
Stay out of debt
Open a bank account
3
You must pay for necessary expenses whether you want to or not
True
False
4
Many people change their spending habits in order to...
Save for emergencies
give in to marking pressures
5
Eating at a restaurant is a necessary expense.
False
True
6
Which suggestion could save you money?
Buy snack food from vending machines
use credit cards for all your purchases
Turn off lights when you're not using them
7
Some people practice thrifty habits to...
buy things they want, but don't need
save for something special
go along with the crowd
8
To manage your money wisely, you must balance your...
Bills and Purchases
Needs and wants
9
Developing thrifty habits can...
waste your money
make you spend money
help you save money
10
A budget is a spending plan that can help you...
Borrow money
manage your money better
Pay in easy installments
11
Buying something on impulse means making a purchase....
after carefully checking prices
by putting your needs ahead of your wants
without stopping to think about it
12
If you have a checking account, the bank will send you statements showing all your monthly...
check stubs
earnings
account activites
13
Cash sent through the mail can easily be...
lost
stolen
both lost and stolen
14
If a clerk makes a _________ with your money, good financial records can help you prove it.
Mistake
Refund
15
Rent, electricity, and heat are all unnecessary expenses.
True
False
16
An example of a necessary expense is a...
video game
concert ticket
Restaurant meal
Rent payment
17
It's all right to spend money on "extras" if you can...
Get a discount
Afford the expense
18
You can also save money by...
paying for meals at resaurants
packing your own lunch
falling for a marketing scheme
19
A budget is a spending plan that can help you _________ money and stay out of debt
save
make
20
You make a _________ when you put money into your bank account.
Withdrawal
Deposit
21
People waste money on costly fines when they pay their bills...
late
early
