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Basics Beginner: Budgeting Made Simple

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1.
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.
2.
What is one kind of financial need?
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Groceries. Groceries are one kind of financial need.
3.
What are some options if despite good faith efforts to make a budget work, you are still getting behind on your bills?
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Take on a side gig. This is an example of a hard choice that may be unavoidable.
4.
What kinds of expenses should you include in a budget?
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All of your expenses. When you create a budget, you should be as inclusive of your expenses as possible.
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.