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How do we calculate our net cash flow?CorrectIncorrect
What are the steps to creating a budget?
List all your income and expenses.
Evaluate and adjust your income and expenses so it balances to zero
Write it down and check your budget at least once a month
Find your net cash flow by adding up your income and subtracting your expenses from it
What should you do if your net cash flow is negative?CorrectIncorrect
What should you do if your net cash flow is positive?CorrectIncorrect
Match each term to the correct definition
- 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
Match each expense to the correct category
- Utility Bill, Mortgage
- Buying coffee, Gas for your car
- Vacation, Repairing your sink, School tuition fees