Study

Budgeting

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  • Occurs when money is withdrawn from a bank account and the available balance goes below zero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