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