Budgeting

Question 1

What is most likely the reason variable expenses should be planned after fixed expenses?

Revolt · Accepted Answer

Fixed expenses are required and constant, but variable expenses are more flexible.

Question 2

variablefixeduncertain

Revolt · Accepted Answer

fixed

Question 3

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

Revolt · Accepted Answer

contribute to a savings account

Question 4

To create a balanced budget, one must make sure to

Revolt · Accepted Answer

spend less than or equal to income.

Question 5

Why is net income lower than gross income?

Revolt · Accepted Answer

withholdings

Question 6

[BLANK]

Revolt · Accepted Answer

actual

Question 7

A short-term financial goal might include saving for

Revolt · Accepted Answer

a piece of furniture.

Budgeting Answers