Chapter 2 Vocabulary. Financial Literacy

The first month you do your budget will be a _________ and that's okay

Disaster

When budgeting becomes a habit in your life, it will become easier and ______

Faster

95% of people agree that budgeting is __________.

Important

You need to do a budget every single _______

Month

You will be inclined to budget one way or another way based on your money __________

Personality

A budget is a ___________ for your money

Plan

Your income, savings, and ______ can also have categories

Spending

Only ____% of people do a budget every month

35

Keeping track of your expenses will help you _____ your budget

Adjust

When you use ___ you end up spending less

Cash

The way you break up your _____ is up to you

Categories

Make sure you have a miscellaneous _________

Category

A zero-based budget does not mean zero dollars in your ______ account

Checking

One of the best ways to track your expenses is the ____ system

Envelope

Your budget gives you _________ to spend

Freedom

The four component of budget are ______ , _______ , _______ , and _______.

Income, giving, saving and spending

Don't underestimate the emotional ___________ you get when using cash

Punch

Give your budget _________ months to start working

Three

Zero-Based Budget is when your income minus your giving, saving, and spending equals

Zero

The best kind of budget is a ___________ budget

Zero-based