A budget is ______________________________., an organized plan for future expenditure and savings., a plan that you don't need to follow., a thought for monies you owe people, not necessary for proper spending., a. A short term goal is ______________________________., a goal that is accomplished only weekly., a goal that takes days, weeks or months to accomplish., a. A long term goal is , accomplished in days, weeks or months., takes several months or years to accomplish., Gross income is the money _____________________________., you receive after all expenses., the money left back after taxes., you are paid after deductions are taken out., you are paid before deductions are taken out., Net income is the money _____________________________., you receive before expenses., the money left back after taxes are taken out., you are paid after deductions are taken out., you are paid before deductions are taken out., A flexible expense is ______________________________. , gas, rent, insurance, mortgage, A fixed expense is ______________________________., gas, entertainment, insurance, groceries, A budget help you to live within your means., True, False, Estimating your expenses, helps to ensure your budget is workable., True, False, Variable expenses do not vary from month to month., True, False, Fixed expenses vary monthly., True, False, Impulse buying is buying with a plan in mind., True, False, Comparison shopping is comparing prices from various stores to find the best price., True, False, The primary purpose for a miscellaneous fund is __________________________., to buy new shoes., to save for groceries., to be used for unexpected expenses., to pay for monthly phone bill..

Budgeting

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