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Question 1 of 6
1. Question
How do we calculate our net cash flow?
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Question 2 of 6
2. Question
What are the steps to creating a budget?
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List all your income and expenses.
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Evaluate and adjust your income and expenses so it balances to zero
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Write it down and check your budget at least once a month
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Find your net cash flow by adding up your income and subtracting your expenses from it
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Question 3 of 6
3. Question
What should you do if your net cash flow is negative?
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Question 4 of 6
4. Question
What should you do if your net cash flow is positive?
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Question 5 of 6
5. Question
Match each term to the correct definition
Sort elements
- Any expense that does not change from month to month
- Expenses that are in our control and can change over time
- Costs that come up throughout the year
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Fixed Expenses
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Variable Expenses
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Irregular Expenses
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Question 6 of 6
6. Question
Match each expense to the correct category
Sort elements
- Utility Bill, Mortgage
- Buying coffee, Gas for your car
- Vacation, Repairing your sink, School tuition fees
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Fixed Expense
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Variable Expense
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Irregular Expense
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