Budgeting and Saving - Reading
When estimating income, it is better to be:
a) A little low
Preparing a budget is:
a) An ongoing process
Why is it harder to estimate expenses than to estimate income?
a) Expenses often change more from month to month
Which is NOT a money management skill discussed in the reading material?
b) Managing your time in a healthy manner
Which is NOT something you should look for in a savings account?
b) Rewards for using your debit card
How much money should you save each month?
b) You must decide what you can afford
Which of the following is an example of irregular income?
c) A graduation gift
What are some typical expenses for a person just starting out in a rental apartment?
c) Rent, renters insurance, transportation costs
Money in your emergency fund could be wisely used:
c) To pay for an unforeseen health expense
A budget can help you reach a financial goal by:
d) All of these
