Budgeting

Question 1

What type of expense is an example of the cost to drive to and from work?

Revolt · Accepted Answer

a variable expense.

Question 2

When should fixed and variable monthly budgeted expenses first be planned?

Revolt · Accepted Answer

at the start of each month

Question 3

To create a balanced budget, one must make sure to

Revolt · Accepted Answer

spend less than or equal to income.

Question 4

When a person invests income, he or she

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uses money in a way that will increase its value in the future.

Question 5

Why might variable expenses change a great deal at different times of year?

Revolt · Accepted Answer

Heating and cooling costs might vary considerably.

Question 6

In order to stay on track for long term financial goals, money for emergency spending should be taken first from your

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discretionary money.

Question 7

Look at this monthly budget.Monthly Budget

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$20

Question 8

Look at this monthly budget.Monthly Budget

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Decrease food expenses.

Question 9

A short-term financial goal might include saving for

Revolt · Accepted Answer

a piece of furniture.

Question 10

[BLANK]

Revolt · Accepted Answer

actual

Budgeting Answers