Budgeting

Front

Trying to save to buy a house while you are working only 10 hours a week would not be practical.

Back

True

Front

A complicated budget is more likely to motivate you to achieve your financial goals.

Back

False

Front

Include expected or estimated income and known or estimated expenses when creating an ongoing goal chart.

Back

False

Front

What is the first thing to consider when planning a budget?

Back

financial goals

Front

If your monthly income from your job is $600, and you want to save 25%, how much would you save each month?

Back

$150

Front

Which items should always be included in a cash flow statement? Options: income from wages, savings, fixed expenses, all of the above

Back

all of the above

Front

What is the best way to budget your income if you work a different number of hours each week? Options: by averaging income over several weeks, by estimating income over several weeks, by averaging income over several months, by estimating income over several months

Back

by averaging income over several months

Front

Which of the following events would not require reworking a budget? Options: having a budget surplus, starting a new job, losing a job, getting married

Back

having a budget surplus

Front

Which of the following is not a quality of a good budget? Options: goal based, flexible, deficit based, practical

Back

deficit based

Front

Matching: Income and expenses

Back

cash flow