Creating a Personal Budget

Question 1

Which of the following are necessary to create a budget? Choose three correct answers.amount of money spentamount of money earnedbudgeting softwaregovernment approvalincome from work or investmentspen and paper

Revolt · Accepted Answer

amount of money spent; amount of money earned; income from work or investments

Question 2

Levi created a budget to determine his expenses, but at the end of the month, the amount of money he spent was different from the amount of money he budgeted.

Revolt · Accepted Answer

groceries

Question 3

Review the table.

Revolt · Accepted Answer

Noah can budget less for fun money.

Question 4

Review the table.

Revolt · Accepted Answer

The total amount will be at least $17,200.

Question 5

Review the table.

Revolt · Accepted Answer

to save money to buy a surfboard

Question 6

How do variable expenses make budgeting more difficult?

Revolt · Accepted Answer

They change from month to month.

Question 7

Review the table.

Revolt · Accepted Answer

$15

Question 8

Review a software employee’s first paycheck.

Revolt · Accepted Answer

income

Question 9

What category is most likely to contain expenses that are wants, rather than needs?

Revolt · Accepted Answer

entertainment

Question 10

Fatima does not think she needs a budget because she does not tend to overspend.

Revolt · Accepted Answer

It could help her meet short-term or long-term goals.

Creating a Personal Budget Answers

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