Budgeting

Although the majority of Americans think budgeting is important, about of Americans actually use a budget.

• 75%

• 35%

Which of the following is NOT a component of a budget?

• Credit Score

• Giving

• Saving

• Income

Online budgeting apps are more effective than budgeting with pen and paper

• True

• False

What are the Four Walls?

• Utilities, college fund, restaurants, and car insurance

• Cell phone bill, car insurance, shelter, and money for the movies

• Food, utilities, transportation, and college fund

• Food, utilities, shelter, and transportation

How often should you create a budget?

• Weekly

• Monthly

• Annualy

• Semi-Annually

If you get married, only one person is responsible for budgeting.

• True

• False

Detailed categories on your budget will help you make better spending decisions

• True

• False

How many months does it usually take for your budget to start working as a budget should?

• 5

• 1

• 6

• 3

Net income is the amount you get paid before taxes.

• True

• False

Why is tracking your expenses throughout the month important?

• It allows you to delete categories you don't like

• It gives you insight into whether you're sticking to the budget you set.

• It helps you pull money from your savings to spend in other categories.

• It really isn't that important in the long run.