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Urbana-FM1-SpendingP

Spending Plans

QuestionAnswer
A statement listing all money transactions during a specific period of time is ? Spending Plan
10 percent of income is? Savings
Envelope system ,Checking register system and Spending Plan Template are? Control methods
Using financial goals and plans to achieve financial success is called? Financial Planning
An individual's financial plan will vary depending on ones? Values
Deciding how much money to spend each month on expenses is called? Allocate
Deciding how much money to allocate in a financial plan is based on one's? Needs, values, & wants
The largest expenditure in a Spending Plan? Housing
The second largest expenditure in a Spending Plan? Transportation
The third largest expenditure in a Spending Plan? Food
The percentage of income that should be spent on housing? 25%
The percentage of income that should be spent on Transportation? 20%
The percentage of income that should be spent on food? 15%
The percentage of income that should be spent on insurance? 7%
The percentage of income that should be spent on other items? 18%
Created by: sfleece
Popular Family and Consumer sets

 

 



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