Budgeting

How often should you check your spending?

• Every day

• Weekly

• Monthly

• Only when you run out of money

Before making a purchase, what should you consider?

• The item's brand

• Whether it’s a need or a want

• How popular the item is

• The discount offered on the item

We will have to make ____ in our budget this month because profits are down

• A. holes

• B. leaps

• C. tucks

• D. cuts

Online electronic retailers usually offer 36-month, interest-free --------- plans to budget-conscious consumers.

• wholesale

• installment

• discount

• trade

The ______________ version of the budget proposal must be submitted by Friday.

• total

• final

• many

• empty

A spending plan is a tool used to record and ______ projected and actual income and expenses over a period of time

• predict

• track

• eliminate

• anticipate

Due to the change that comes with various life stages, spending plans must be...

• strict

• disorganized

• complex

• flexible

True or False: Any money left over in a budget should be put into savings.

• True

• False

Which word best completes the sentence: 'The committee is responsible for ______ the annual budget report.'

• A) writing

• B) editing

• C) reviewing

• D) publishing

Identify the correct sentence:

• A) The budget was approved by the board last week.

• B) The budget were approved by the board last week.

• C) The budget is approve by the board last week.

• D) The budget are approved by the board last week.