1.OVERVIEW OF A BUDGET
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Net worth is the amount you have, plus the amount you owe.
False
A saving and investing plan is part of a good financial plan.
True
Select all the parts of a financial plan.
budget savings and investing plan insurance plan financial goals net worth statement
Match the terms to their definition.
budget - a plan for how you will spend and save your money fixed expenses - costs that remain the same amount variable expenses - costs that change in amount
A variable expense is a _____.
cost that changes
A budget is a _____.
plan for saving and spending your money
