Budgeting Presentation

Which of the following is a benefit of using a budget?

• a. Helps to keep track of the money you receive

• b. Helps to prioritize your spending

• c. Helps reach short- and long-term financial goals

• d. All of the above

Which of the following is NOT a benefit of using a budget?

• a. a budget can help you purchase anything you want.

• b. a budget can help you keep track of your money.

• c. a budget can help you make plans to reach your financial goal.

• d. a budget can help you decide the importance of your expenses.

Why is using a budget beneficial?

• a. helps to keep track of the money you receive.

• b. helps to prioritize your spending.

• c. helps reach short- and long-term financial goals.

• d. All of the above.

Which of the following should NOT be considered when setting a current budget?

• a. your financial goals

• b. future income

• c. needs and wants

• d. savings

Which of the following should you consider when setting a budget?

• a. your financial goals

• b. needs and wants

• c. savings

• d. all the above

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

• a. banks and credit unions

• b. grocery stores and concerts

• c. banks and credit statements

• d. online research websites

This helps you prepare for unexpected expenses.

• a. credit cards

• b. checking account

• c. emergency fund

• d. none of the above

Which choice or choices best describes the purpose of an emergency fund?

• a. an emergency fund prepares you for unexpected expenses

• b. an emergency fund keeps you from borrowing money from friends and family

• c. an emergency fund removes the worry about expenses not in the budget

• d. All of the above

Which of the following is NOT true about emergency funds?

• a. they are used for anything listed on the budget.

• b. they can keep you from borrowing money from friends and family.

• c. they can help you prepare for unexpected expenses.

• d. they can help remove the worry about expenses not n the budget.

What is NOT a good way to prevent unnecessary spending?

• a. cancel any unused recurring expenses like subscription boxes

• b. use an app to find the cheapest gas station

• c. make your own food more often

• d. buy all of your wants at one time.