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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 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.
3.
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.
4.
A budget helps you match your _______.
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Income and expenses. A budget helps you match your income and expenses.
5.
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.