Quiz 4 - Budgeting

Budgeting is crucial to your financial success.

Preparing a budget includes:

An example of a FIXED expense (doesn't change) could be:

What is a record of income and spending and a plan for managing money?

What do we call money available to spend on goods and services that are not essential?

Expenses that do not change from month to month, such as mortgage or rent.

Expenses that vary from month to month, such as entertainment, car repairs or electricity bills.

Which of the following is not a potential benefit of budgeting?

What’s the first thing you should do with any extra income?