Personal Finance Courses: Budgeting

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1.
If you decide to use an online budgeting tool, it is safer to use one whose URL starts with _______.
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Https. The 's' in 'https' stands for 'secure.' It means that the Website secures your data.
2.
Reasons why groceries are considered a variable expense include which of the following?
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You can choose what and how much you need to buy. You have many choices of different types of meats, vegetables, cereals, etc. For example, you don't need to eat steak once a week. You can make chicken or pork at a fraction of the price.
3.
When it comes to using a budget, what does it mean to 'pay yourself first'?
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Set aside money from your income into a savings plan. Paying yourself first ensures that you are prepared to deal with future financial issues.
4.
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.
5.
A budget is a written comparison of your _______.
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Cash inflows and outflows. Money coming in is compared to money going out to cover your expenses, loan payments, and savings. It shows how you are spending and saving income.