EverFi Budgeting

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

• A budget can help you purchase anything you want

• A budget can help you track your money

• A budget can help you decide the importance of your expenses

• A budget can help you make plans to reach financial goals

This helps you be prepared for unexpected expenses

• Credit Cards

• Checking Account

• Emergency Fund

• None of the Above

When creating a budget, you should use your...

• Net Pay

• Gross Pay

The best place to look when creating an estimated list of your expenses is...

• your last month's expenses

• your paycheck

• your expenses from 3 years ago

• your mom and dad's expenses

You should budget for your ______ first

• needs

• wants

• savings

• it doesn't matter what you do first

All of the following are ways to track your budget listed in the EverFi except...

• Notebook and Pencil

• Envelope Method

• Online App or software

• Spreadsheets

• Piggy Bank Method

The EverFi suggests you review your spending each...

• day

• month

• year

• week

What best describes a budget?

• A plan for how you will spend and save your money

• An account that lets you save money over time

• A plan for how you will make money and get rich

• A plan for going to college

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

• Helps keep track of the money you earn

• Helps prioritize your spending

• Helps reach financial goals

• All of these

Looking at previous bank statements, credit statements, and records of things you bought with cash can help you estimate your...

• expenses

• income

• available investments

• credit score