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Spending Plans Flashcards | StudBud

Explore/Spending Plans

Spending Plans

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Questions 9

Answers

1
How does an individual “bounce a check”?
Deposits more money than withdrawn
Does not write enough checks per day
Writes a check for more than whats in the checking account
2
Money spent.
income
net loss
expense
3
A financial statement individuals can use to assist with money management.
expense
income
spending plan
4
What is a value?
Thoughts that are created independently with no influence
fundamental belief that is desirable, worthwhile to someone
Beliefs that all individuals share and agree upon
5
Money earned.
net loss
income
expense
6
What is the most common type of depository institution?
Commerical Bank
Casino
Credit Union
7
When there are more expenses that income.
income
net gain
net loss
8
When there is more income than expenses.
expense
net loss
net gain
9
The following elements describe a SMART goal
Specific, Measurable, Attainable, Realistic, Time Bound
Specific, Measurable, Attainable, Realistic, Time Bound
Short, Measurable, Action, Realistic, Time Bound c. Specific