Budgeting Money

Following a budget is a good way to control spending.

• True

• False

You should never spend more than 2% of your income on a vacation.

• True

• False

A good guideline for housing and related expenses is 34% of your income.

• True

• False

Say your rent gets raised. It now makes your housing expenses more than 34% of your income. You have no choice but to move.

• True

• False

Answer explanation

You can also reduce other parts of your spending.

A plan for how you will spend your money.

• budget

• bugdet

• buggie

• budgie

The total amount of money you take home.

• income

• encome

• incom

• incommon

If something is within your price range you can ______ it.

• afford

• aford

• Ford

• fnord

If you alter, or change, something in your budget you have made an _______.

• adjustment

• adjustmint

• adjustmant

• adamant

Money that you earn.

• Asset

• Expense

• Income

What is an expense?

• Money that you spend or give away.

• Money that you earn.

• Money that you put away for later.