Doing a budget does not

• Show if you are overspending in an area

• make overspending more likely

• remove guiltand shame sometimes associated with a purchase

• make your money go further

The number-one cause of divorce in North America today is stress and disagreement over money.

• True

• False

Budgeting is crucial to your financial success.

• True

• False

Doing a budget does not:

• Show if you are overspending in an area

• Remove guilt and shame sometimes associated with a purchase

• Make overspending more likely

• Make your money go further

Which of the following is something that a typical millionaire would do?

• Spend less money than he or she makes

• lease a new car

• replace things that are not broken

• carry debt

Budgeting is crucial to your financial success.

• True

• False

The time frame of a personal budget is:

• 1 week
• 1 month
• 6 months
• Annual

It is okay to use a credit card if you pay it off every month (according to Dave)

• true
• false

Detailed plan of how you are going to use your money to pay for things you want and need.

• Budget

• Income

• Periodic Expenses

• Cash Flow

True or False: Budgeting is extra work that does not benefit you and makes no difference in your life.

• True

• False