| non-sufficient funds (insufficient) | What is the fee for an overdrawn account called? |
| loan | which term is NOT associated with balancing a checking account? |
| – reconcile- deposit- withdrawal | which terms ARE associated with balancing a checking account? |
| if you have extra money left at the end of the month, your budget was successful | Which of the following is NOT true of a zero-based budget? |
| – The money you spend should equal the money you earn- Use envelopes for categories in which you tend to overspend-You spend every dollar on paper before the month begins | Which of the following ARE true about a zero-based budget? |
| 3 months | On average, how long will it take before your budget begins to work effectively? |
| once a month | How often should you balance your checking account? |
| negative | Many Americans have a _______ savings rate, meaning they spend more than they make. |
| True | True or False: Another name for a budget is a cash flow plan. |
| Budget | In order to effectively manage money, you need a: |
| Food | If you are struggling financially and are behind on your bills, what should you budget first? |
| – Fear of what they may find- A budget has been used to abuse them- They never had a budget that really worked | Which is a reason why people avoid making a budget? |
| monthly cash flow form | used to do a budget |
| irregular income form | used by persons earning an inconsistent monthly income |
| reconcilation | process used to determine if the balance in your checking registry matches the balance reported on the bank statement |
| duplicate (carbon) checks | helps people who forget to record checks in their register after writing them |
| crisis | Bounced checks are a sign of ______ living. |
| month | A written budget should be done every |
| – fixed expenses- variable expenses- money to blow | Your budget should include: |
| lead to an increase in arguments | Doing a budget does NOT |
