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Budgeting
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A specific place where you can put your money when saving money
bank, savings account
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"Pay yourself first' means you should assign a portion of your income to savings and investing every month
True
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Occurs when money is withdrawn from a bank account and the available balance goes below zero
overdraft
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A debit card cannot be used for online purchases
false
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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
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Having more than one bank account is never a good idea
False
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When making a budget, a person's needs should come before their wants
True
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Which of the following is NOT considered an income: An allowance, a paycheck, interest paid on a loan, or birthday money from a relative
interest paid on a loan
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What is the money you earn from a job called?
income
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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
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Which of the following is a need and not a want: movies, food, or sneakers
food
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Math is used in everyday life and not just in the classroom
True
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Taxes help to pay for things such as housing and food stamps
True
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What is a need?
something you must have
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Is going to batting cages and income or expense?
Expense
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Is budgeting important?
Yes
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It is smart NOT to save monthly for a yearly vacation
False
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Budgeting is crucial to your financial success
true
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If an expense can be cut from your budget to save money, it is considered a
want
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If you have $18.00 and wanted to buy some cupcakes worth $2.50 each, what is the most amount of cupcakes you could buy?
7
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A written cash flow plan is called a
budget
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