Personal Finance Courses: Budgeting

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1.
If you are using an online budgeting tool that is linked to your financial accounts, reviewing how your information is securely maintained is important.
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True. Ensuring you are dealing with a known company that describes how they keep your information secure and private is critical. Make sure the URL starts with 'https' instead of 'http' and look for the site to have a green address bar and lock icon.
2.
In your budget's savings plan section, you will have short-term goals, intermediate-term goals, and long-term goals to save for. Which of these would an eight-year-long goal fall under?
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Intermediate-term goals. Intermediate-term goals are those that are 5-10 years away.
3.
When constructing a budget, where can you find information about your expenses?
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Bank statements, online banking, and credit card statement. Bank statements, online banking transactions, and credit cards all detail your spending transactions. Use these tools to create a written record of your expenses.
4.
Which of the following is an example of a fixed expense?
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Your cable bill. Your cable bill is likely to be the same amount each month, and it occurs over and over again regularly. Therefore, it is fixed.
5.
Any past debts you are paying on should be grouped under your expenses in your budget, even though you did not incur them this month.
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True. Even though your debts are ghosts of past expenses, you would include them among your current expenses in your budget.