PFL Week 2 Notes: Budgeting

Poll

Do you currently use a budget to track your spending and savings?

• Yes

• No

Multiple Choice

True or False: A budget only includes your expenses (spending) for a particular month.

• True

• False

Multiple Choice

One of the options listed below is NOT one of the consequences of not using a budget. Which option is it?

• Bad spending habits are unidentified and cannot be fixed

• Reduced stress and increased confidence

• Lack of a savings plan for the future

• Financial stress and strained relationships

Multiple Choice

True or False: You don't need to compare your budget to what you actually spent throughout that month.

• True

• False

Match

Match the correct action of the 50 / 20 / 30 Rule to the correct percentage.

• Wants

• Saving

• Needs

30%

20%

50%

• 30%

• 20%

• 50%