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Basics Beginner: Budgeting Made Simple

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1.
When you budget, you try to match your _______.
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Income with your expenses. When you budget, you try to match your income with your expenses.
2.
What is one kind of financial need?
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Groceries. Groceries are one kind of financial need.
3.
When creating a budget, you should gather information associated with _______ of your expenses.
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All. When creating a budget, its important to gather information associated with all of your expenses.
4.
A major purchase is a _______ expense.
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Variable. It is variable because you don't normally buy it on a regular basis.
5.
If you have irregular income, sticking to a budget is impossible.
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False. If you have irregular income, it is very possible to stick to a budget