Which of the following is a consequence of overdrawing your checking account?

Doing a budget does not:

Your monthly budget should include:

Which of the following statements is false?

Which of the following is something that a typical millionaire would do?

Rent is a

Eating Out is

Car repairs are a:

Groceries are a:

A written budget, if followed, removes ____from your finances

The following are guidelines for budgeting with an irregular income except:

Percentage of Americans living paycheck to paycheck:

The zero-based budget is the best method of budgeting because

Which of the following is not a record-keeping feature you could expect from your bank?

Which of the following account records would have the most current balance?

The number-one cause of divorce in North America today is stress and disagreements over money.

The envelope system works great for managing spending on things that donʹt normally have a fixed monthly expense

If you write a zero-based budget every month, it is not necessary to reconcile your account.

Budgeting is crucial to your financial success.

Writing and following a zero-based budget will help you avoid overspending and impulse purchases.

A debit card cannot be used for online purchases.

ʺPay yourself firstʺ means you should assign a portion of your income to saving and investing every month

Online bill pay allows you to make payments to whomever you wish without having to write a check and send it in the mail.

Having more than one bank account is never a good idea since it can complicate money management.

Setting up automatic account transfers is the easiest way to build your savings for your emergency fund or large purchases

Occurs when money is withdrawn from a bank account and the available balance goes below zero

A cash flow plan that assigns an expense to every dollar of your income, wherein the total income minus the total expenses equals zero

Series of envelopes that are divided into categories and are used to store cash for planned monthly expenses

An item that is bought without previous planning or consideration of the long-term effects

To match your bank statement with your checkbook

A written cash flow plan

Expenses that remain the same from month to month

Non-essential expenses

A summary of all the income and outgo over a certain time period

Your own record of all your transactions

When it comes to managing money, success is about ___% knowledge and ___ % behavior.

I feel like I can budget my money better now.