Budget Buster

Who does the narrator use as an example to inspire better financial management?

• Abraham Lincoln

• George Washington

• Thomas Jefferson

• Benjamin Franklin

What percentage of couples, according to a 2016 Gallup poll, keep a written budget?

• 25%

• 50%

• 32%

• 45%

What is the primary purpose of a budget according to the video?

• To increase income

• To manage present dollars

• To control spending

• To predict future earnings

What is the suggested first step in creating a budget?

• Categorize past expenses

• Estimate future income

• Consult a financial advisor

• Set financial goals

Which category should not include double-counted credit card expenses for groceries?

• Essentials

• Security

• Goals

• Lifestyle

What should you do if there is money left over after budgeting?

• Spend it immediately

• Save it with a clear purpose

• Ignore it

• Invest it all in stocks

What is the first step to ensure your budget is followed?

• Update it regularly

• Discuss it with family

• Post it on social media

• Write it down

How often should you restrategize your budget?

• Weekly

• Yearly

• Daily

• Monthly

What is a sign that your budgeting is effective?

• You have no savings

• You're less worried about finances

• You feel stressed

• You can't afford essentials

What is an expense?

• Money that you spend or give away.

• Money that you earn.

• Money that you put away for later.