Budgeting

What is the base of budgeting

• track your income,

• your expenses

• art

• Cars

Answer explanation

The basics of budgeting are simple: track your income, your expenses, and what's left over—and then see what you can learn from the pattern.

Can having a budget cause less stress?

• Yes

• No

Answer explanation

The Correct Answer is Yes

What does a budget do?

• It helps manage of money

• It helps keep you out of debt

• It helps with emergencies

• All the Above

What is rule 1 of budgeting?

• Give every dollar a job

• Spend it all

• Don't Spend any of it

• Give it away

Answer explanation

The answer is, Give Every Dollar A Job

What's the most important thing to know about budgeting

• Allows you to create a spending plan for your money ?

• Allows you to spend all your money?

Answer explanation

The correct answer allows you to create a spending plan for your money

What are the essentials when it comes to budgeting?

• People

• Data

• Process

• All the above

Answer explanation

The correct answer is All the above.

Creating A budget can make you feel powerful, why?

• Budget puts you in control of spending and saving, so you make good decisions and feel more confided.

• You can't really budget unless you have an important job, which means that other people look up to you.

Why is it important to be able to decide to spend on.

• When you budget, you should make sure all your needs are met first, then you can decide what to spend the rest on

• Needs are worth spending money on, but you should never spend it on a want.

Which of the following is a consequence of over drafting your checking account?

• Bounded check fee

• Overdraft fee

• Stress from money mismangedment

• All of the above

Doing a budget does not

• Show if you are overspending in an area

• Make money go further

• Make overspending more likely