Test your knowledge

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1.
What is one kind of financial need?
Choose wisely. There is only one correct answer.
Groceries. Groceries are one kind of financial need.
2.
What is one way to gather accurate information about your income to include in a budget?
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Looking at your paystub. Looking at your paystub is one way to gather accurate information about your income to include in a budget.
3.
Budgeting for a major purchase has many advantages; one of them is that _______.
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You may be able to avoid the use of debt. Avoiding debt can save you a lot of money, as well as give you time to think over the purchase.
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.
What are some options if despite good faith efforts to make a budget work, you are still getting behind on your bills?
Choose wisely. There is only one correct answer.
Take on a side gig. This is an example of a hard choice that may be unavoidable.