BARU
Ukuran huruf
Lembar kerjaLesson 3 Quiz: The Art of Budgeting
Total soal: 10
Worksheet time: 5mins
The budgeting process starts with monitoring current spending.
True
False
Most short-term goals are based on activities over the next two or three years.
True
False
A common long-term goal for parents of a newborn child may involve saving for college.
True
False
Rent is considered a fixed expense.
True
False
Flexible expenses stay about the same each month.
True
False
The final phase of the budgeting process is to:
set personal and financial goals
compare your budget to what you have actually spent
review financial progress
monitor current spending patterns
An example of a long-term goal would be:
an annual vacation
saving for retirement
buying a used car
completing college within the next six months
A clearly written financial goal would be:
“To save money for college for the next five years”
“To pay off credit card bills”
“To invest in an international mutual fund for retirement”
“To establish an emergency fund of $4,000 in 18 months”
An example of a fixed expense is:
clothing
auto insurance
an electric bill
educational expenses
_____ is commonly considered a flexible expense.
Rent
A mortgage payment
Home insurance
Entertainment
