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Basics Beginner: Budgeting Made Simple

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1.
A budget helps you match your _______.
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Income and expenses. A budget helps you match your income and expenses.
2.
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.
3.
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.
4.
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
5.
Budgets can be easily revised by adding and subtracting expenses or income and adjusting amounts associated with specific income and expenses.
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True. Budgets can be easily revised by adding and subtracting expenses or income and adjusting amounts associated with specific income and expenses.