Review Questions

Counting the Cost

 Getting Started

The first and most important tool in personal finance is the ________________.

The number one cause of financial failure is __________  _______________.

The number one purpose for a monthly budget is to establish ____________ so as to protect and maximize your _____________.

What is the difference between a budget and a spending record?

The spending record is completed ___________ the month ends and the budget is completed ___________ the month begins.

What are the 4 keys to a successful budget?

1. Must be in _________________.

2. Must be done __________________.

3. Must be completed ____________ the month begins.

4. Must be _____________!