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Authored by Brenin Angle
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60 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a key component of a personal budget?
Income
Expenses
Savings
Credit Score
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the first step in creating a personal budget?
Tracking expenses
Setting savings goals
Identifying income sources
Creating an emergency fund
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is an example of a fixed expense?
Groceries
Rent
Entertainment
Utilities
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often should you review and adjust your budget?
Monthly
Quarterly
Annually
Only when there is a major financial change
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a short-term savings goal?
Saving for retirement
Saving for a vacation
Saving for a child's education
Saving for a down payment on a house
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of tracking your income and expenses?
To identify areas where you can cut costs
To increase your income
To prepare for tax season
To impress your bank
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a long-term budgeting strategy?
Planning for monthly grocery expenses
Saving for a new phone
Investing in a retirement fund
Budgeting for a weekend trip
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