Lesson 101: An Annual Budget

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

The money left over after all expenses are subtracted from income is known as savings.

True

College tuition is usually considered a long-term financial goal because it

requires a lot of time and planning to reach.

If each monthly issue of Ballet Today costs Marie $2.50, then she spends____________ annually for her subscription.

$30.00

If instead of buying six pairs of ballet shoes a year (at $15 a pair), Marie only buys four pairs, then she saves __________ a year.

$30.00

Which column in an annual budget indicates the money you really spent during the year?

Actual spending

A(n) ____________________is an example of an anticipated expense.

cell phone bill

You can calculate discretionary income by subtracting

essential expenses from income.

Buying a ____________________ is an example of a long-term financial goal.

house

A winning lottery ticket or a scholarship is an example of

unanticipated income.

Short-term financial goals can be reached within

weeks or months.


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