WorksheetsBudgeting
Total questions: 9
Worksheet time: 5mins
What is the main problem the video introduces at the beginning?
People lose their money out of their pockets
People are unsure of where their money goes.
People love to spend money
People love to overspend
What is the first step to effective budgeting?
Clocking tea
Counting your friends money
Tracking your actual income and expenses.
Not paying your bills, and buying things you want
What does it mean to "give every dollar a job" in budgeting?
Assigning every dollar to an expense, savings, or goal.
Every dollar has to be worked for
Every dollar has a name
The dollar bills have a president assigned for them.
Why is setting financial goals important?
It doesnt help with budgeting
It helps the bank move your money
It helps to organize your thoughts
It helps guide budgeting decisions.
How can separating "wants" from "needs" improve your budget?
It helps you to make more money
It helps you avoid overspending on unnnecessary things.
It helps you to see how much money is on your credit card
It helps you to pay the bank back
Why should you plan for irregular expenses?
It can cause you to lose your money
They can cause you to underspend your money
They can disrupt your budget if unprepared
It can cause you to make more money
What is the purpose of an emergency fund?
To cover unexpected expenses without debt.
To cover the savings account money
To party with leftover money from paying bills
To flash money at your friends
What is the best strategy for handling debt while budgeting?
Owe your friends money
Use more credit cards
Stop using credit and prioritize debt repayment
Don't pay anyone back
How can monitoring electricity use help with budgeting?
It will help you make more money
It causes your money to be funny
It adds to the monthly bills
It reduces unnecessary utility costs.
