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Managing My Resources Flashcards | StudBud

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Managing My Resources

14 terms·StudBud Administration·98 plays

Learning how to manage, myself, money and time

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Questions 14

Answers

1
I want to learn more about savings
yes
no
2
Spending is
important, why bother writing anything down
good as long as you plan and budget
none of the above
never good
3
A budget or spending plan allows you to track your income vs. your expenses
True
False
Don't know
If depends on your age
4
Income is
not sure
how much you spend
neither
how much you have
5
A variable bill, may change every month such as a
electric bill
insurance
none of the above
car payment
6
I do not have a savings account or checking account
no
what is a savings account?
yes
not sure
7
A credit card uses money I have in my bank
false
true
8
There are three types of goals, they are
mid term
forever
long term
short term
9
Discretionary Income is
will determine my future
what I use to pay taxes
money for fun things like movies
what I use to pay bills
10
The first rule of budgeting is
spend more than you earn
spend and spend
save and don't pay bills
spend less then you earn
11
A fixed income is stays the same, for example a
electric bill
gas bill
rent or mortgage
water bill
12
A debit card uses money from my bank
false
true
13
Expenses are
not sure
the money you spend
not necessary, I live at home
the money I earn- taxes
14
Money management is knowing where your money is going now and
having a plan for the future
none of the above
giving all my money to charity
spending all the money I can for the futue