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Budgeting

  •  English    21     Public
    questions on budgeting
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  • Is budgeting important?
    Yes
  •  5
  • A specific place where you can put your money when saving money
    bank, savings account
  •  10
  • A debit card cannot be used for online purchases
    false
  •  10
  • Budgeting is crucial to your financial success
    true
  •  10
  • "Pay yourself first' means you should assign a portion of your income to savings and investing every month
    True
  •  5
  • Online bill pay allows you to make payments to whomever you wish without having to write a check and send it in the mail
    True
  •  10
  • Having more than one bank account is never a good idea
    False
  •  15
  • Occurs when money is withdrawn from a bank account and the available balance goes below zero
    overdraft
  •  15
  • A written cash flow plan is called a
    budget
  •  15
  • When making a budget, a person's needs should come before their wants
    True
  •  10
  • Taxes help to pay for things such as housing and food stamps
    True
  •  15
  • Math is used in everyday life and not just in the classroom
    True
  •  15
  • It is smart NOT to save monthly for a yearly vacation
    False
  •  10
  • Ace's car holds 23 gallons of gas. If gas is $3.49 per gallon, how much will it cost Ace to fill up his car?
    $80.27
  •  20
  • If an expense can be cut from your budget to save money, it is considered a
    want
  •  10
  • What is a need?
    something you must have
  •  10