Budgeting

Question 1

Look at this monthly budget.Monthly Budget

Revolt · Accepted Answer

$20

Question 2

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

Revolt · Accepted Answer

a variable expense.

Question 3

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

Revolt · Accepted Answer

discretionary money.

Question 4

To change gross income, someone would need to

Revolt · Accepted Answer

earn more money.

Question 5

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

Revolt · Accepted Answer

at the start of each month

Question 6

Mindy wants to save money to buy a new couch.Which would be the best strategy for her to accomplish her goal?

Revolt · Accepted Answer

forgo watching movies online or in the theater

Question 7

When creating a budget, log fixed expenses

Revolt · Accepted Answer

after income.

Question 8

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

Revolt · Accepted Answer

Heating and cooling costs might vary considerably.

Question 9

This pie chart shows a sample weekly budget.

Revolt · Accepted Answer

$70

Question 10

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?

Revolt · Accepted Answer

Leo forgoes going out to dinner.

Budgeting Answers

More from this Course

TRY EDGENUITY HACKS