Budgeting and spending plans Flashcards
1
Q
The goal of a zero-based budget is:
A
to tell every dollar where to go
2
Q
A
3
Q
The average college graduate puts about what percent of their income into savings each month ?
A
10 percent
4
Q
The average college graduate spends what percentage of their income on HOUSING every month?
A
30 percent
5
Q
the first “baby step” for creating your budget - Dave Ramsey
A
$1000 starter emergency fund
6
Q
Spending plans are a method of?
A
tracking income and expenses
7
Q
Two main components in a budget or spending plans are
A
income and expenses
8
Q
expenses that don’t change or are required every month
A
Fixed
9
Q
A
