Taking a look at your financial records is a good place to get started as you gather information for a financial plan. T or F

debt

expenses, or items for which you must spend money.

Goals achievable in over 5 years.

Financial choices you make today will affect your finances and your wealth tomorrow and throughout your future. F or F

Philanthropy is a form of charitable giving that supports a societal cause. T or F

All assets, or items of value, increase in value over time. T or F

formal process that involves looking carefully at your current financial situation and thinking about your future.

Things people desire for reasons beyond survival

What is philanthropy?

The first step in preparing a budget is to plan the amount you will save each month. T or F

The use of your personal information by someone else to commit fraud or other crimes.

The amount you budgeted to spend on food for June was $500. The amount you actually spent was $1,300, resulting in a... a. $45 unfavorable variance b. $55 favorable variance c. $45 favorable variance d. both a & b