Terms
64 new/unreviewed 64 total
Term
What is a budget?
Definition
a plan for how to spend and save money
New/Unreviewed
Term
why is budgeting important for financial stability?
Definition
Budgeting is important because it helps you avoid debt and save money
New/Unreviewed
Term
What is the difference between fixed expenses and variable expenses? Give one example of each
Definition
Fixed expenses stay the same, for example, rent, insurance, and loan payments. Variable expenses change, for example, groceries, utilities, and raw materials.
New/Unreviewed
Practice Tests
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