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WorksheetsBudgeting Review
Total questions: 12
Worksheet time: 6mins
Which of the following is a benefit of using a budget?
Helps sort short- and long-term financial goals.
Helps you keep track of the money you spend.
It does not have any benefits.
Which of the following should you consider when setting a budget?
Financial goals, needs, wants, savings
Interest rates
What your neighbor is budgeting
Where are good places to look to find your current expenses when building a budget?
Zach Bryan concert
Grocery stores
Bank and credit statements
In addition to needs, what should you plan for first when creating a budget?
Recurring expenses
The Flower Festival
Which of the following is a way to track your spending?
Spreadsheet, envelope method, an app
Close your eyes and hope for the best
There is no way to track your spending
Which choice best describes the purpose of an emergency fund?
An emergency fund makes you worry even more about expenses not in budget.
An emergency fund prepares you for unexpected expenses.
What is something that helps you prepare for unexpected expenses?
Emergency Fund
Credit Cards
Debit Cards
Insurance
Unexpected expenses...
allow you to prioritize your investments.
may cause you to be unable to pay necessary bills.
Which of the following expenses would be a good reason to spend money from an emergency fund?
Purchase front row Lainey Wilson concert tickets.
Repair your laptop that you use for homework.
Buy a puppy.
An unanticipated expense that will make it difficult to get by day-to-day would be a candidate for...
emergency fund spending.
spending money from your "rent" envelope.
How can you ensure you don't go over your budget?
Round up your expense estimates to add a reverse.
Use most of the budget going to music festivals.
True or False: Recurring expenses should be planned for before looking at your wants.
True
False
