Budgeting

You need to consider both fixed and variable expenses when creating a budget.

• True

• False

It is important to review your financial progress and ________ your budget.

• exceed

• forget

• revise

• share

In a typical budget, what percentage should be set aside for utilities?

• 10%

• 20%

• 30%

• 40%

What tools can help in budgeting?

• An envelope system

• Computer programs

• Paper tracking

• All of the above

Not using a spending plan can leave you unprepared for...

• children

• college

• emergencies

• retirement

How often should budgets be re-evaluated?

• Daily

• Weekly

• Monthly

• Yearly

The government needs to ___ ____ __ spending (phrasal verb)

The author of this article refers to discount stores such as this one as a good way to stay on budget. What is the name of the discount store she talks about?

Which of the following sentences uses the word 'budget' correctly?

• She decided to budget her time wisely.

• He budgeted the cake into slices.

• The budget of the book was thrilling.

• They budgeted the weather forecast.

Identify the correct sentence structure: 'Budgeting requires careful planning and discipline.'

• Budgeting requires careful planning and discipline.

• Careful planning and discipline requires budgeting.

• Requires budgeting careful planning and discipline.

• Planning and discipline budgeting requires careful.