CFM
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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Spending Plan/Budget | Your map to your spending budget. It should detail exactly how you're going to use your $ to pay fir the things you want and need. An effective spending plan not only multiplies your chances of success, it also helps make thr jounery faster and easier.
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What may happen without using a budget? | You have no idea if you're getting closer to your goals - or even if it's likely that you'll ever reach them. You make random purchases of things you don't really want or need. You end up kicking yourself when you don't have money left for important items
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What may happen without using a budget (continued)? | You may go into debt.
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Income | Money you earn.
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What are some examples of income? | Paychecks, allowance, payment for odd jobs like babysitting or yard work, gift cards or birthday money, social security, disability or unemployment benefits, proceed from selling your stuff, interest earned in savings account.
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Fixed Expenses | Cost the same every time - often a set monthly payment. Know what needs to be paid and when. Amount is set by someone else. Can't adjust payment if $ is tight.
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Variable Expenses | Common expenses where the amount is different each time, such as paying for groceries or gas. Have control of how much it'll be. Ex. Can change how often you eat out.
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Periodic Expenses | Arise occasionally during the year, usually less than once a month. School fees and trip expenses are an example. You don't have to deal with this every month, but it can blow your budget if you spend too much on it.
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
Blissful_Olive
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