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Personal Finance and Budgeting Flashcards | StudBud
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Personal Finance and Budgeting
Personal Finance and Budgeting
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#9th12thgrade #personalfianance #budgeting
Flashcards
12 cards
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Questions
12
Answers
1
A written budget (if followed) removes ________ from your finances
Both of these
Overspending
Guilt
2
A zero based budget is the preferred budget because...
It assigns every dollar a specific purpose
It's less complicated
It requires less discipline
3
Recurring Online Bill Payment is a great option for _______ Payments
Yearly Intermittent
Monthly discretionary
Monthly Recurring
4
Which is a fixed expense
Dining out
Car Repairs
House Payment
5
Which is a consequence of overdrawing your account?
Both of these
Stress from poor Money Management
Fee from Bank
6
Which is typically a variable expense
Electricity Bill
Internet Bill
House Payment
7
Which is the least effective way to make money on your money?
High yield savings account
Checking account
Savings bonds
8
Which of the following is NOT a good way to save money
Cut back on eating out
Ask for a loan
Use coupons
9
Which is a discretionary expense
House Payment
Car Repairs
Dining out
10
What is the first step of budgeting an irregular income?
Pay your expenses
Prioritize your expenses
List your expenses
11
Your Monthly Budget Should Include....
Variable Expenses
Fixed Expenses
Both of These
12
When computing your income, you should use your _______ income as the amount you get to spend
Net
Regular
Gross
