Budgeting

Question 1

Leo’s car broke down, and he must find money in his limited budget to pay the repair bill.Which of the following is the best solution for Leo to handle the unplanned spending?

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Leo forgoes going out to dinner.

Question 2

When creating a budget, log fixed expenses

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after income.

Question 3

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 4

Kerry knows that a new car is in her future.Which would be the best strategy to help her accomplish this goal?

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contribute to a savings account

Question 5

To change gross income, someone would need to

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earn more money.

Question 6

Look at this monthly budget.Monthly Budget

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Decrease food expenses.

Question 7

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

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at the start of each month

Question 8

Look at this monthly budget.Monthly Budget

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$20

Question 9

variablefixeduncertain

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fixed

Question 10

Which is an example of an income deduction?

Revolt · Accepted Answer

retirement savings

Budgeting Answers

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