EverFi Financial Literacy Lesson 3: Budgeting

Front

Which of the following is a benefit of using a budget?
- Helps to keep track of the money you receive
- Helps to prioritize your spending
- Helps reach short- and long-term financial goals
- All of the above

Back

All of the above

Front

Which of the following is NOT a benefit of using a budget? A budget can help you purchase anything you want. A budget can help you keep track of your money. A budget can help you make plans to reach your financial goals. A budget can help you decide the importance of your expenses.

Back

A budget can help you purchase anything you want.

Front

Why is using a budget beneficial?

Back

Helps to keep track of the money you receive, Helps to prioritize your spending, Helps reach short- and long-term financial goals.

Front

Which of the following should NOT be considered when setting a current budget? Your financial goals, Needs and wants, Savings

Back

Future income

Front

Which of the following should you consider when setting a budget? Your financial goals, Needs and wants, Savings

Back

All of the above

Front

What should be considered when setting a budget?

Back

Needs, wants, and savings

Front

___________ are good places to look to find your current expenses when building your budget.

Back

Bank and credit statements

Front

Where should you look to find your current expenses when building your budget?

Back

bank and credit statements

Front

Bank statements, credit statements, and records of cash expenses help you to estimate your ________.

Back

expenses

Front

In addition to needs, what should you plan for first when creating a budget? Possible charitable donations, Shopping money, Investments, Recurring expenses

Back

Recurring expenses