Budgeting

What is the primary purpose of budgeting?

• to go on a vacation

• to plan and control finances

• to bake a cake

• to learn a new language

Which of the following is not the type of spending?

• investing

• Borrowing
• Saving

• Earning

What is the importance of saving money?

• to buy a new car

• to invest in stocks

• to plan for retirement

• to go on a shopping spree

Which of the following is an example of an investment?

• buying a new phone

• putting money in a savings account

• buying stocks

• spending money on a vacation

What is the purpose of earning money?

• to pay bills

• to donate to charity

• to buy luxury items

• to save for the future

What is the main purpose of creating a budget?

• to plan and control finances

• to go on a vacation

• to learn a new language

• to bake a cake

What is the primary purpose of saving money?

• to buy a new car

• to invest in stocks

• to go on a shopping spree

• to plan for retirement