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Basics Beginner:
Budgeting Made Simple
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1.
A budget helps you match your _______.
Choose wisely. There is only one correct answer.
Debts and assets
Income and expenses
Taxes and paycheck
Income and expenses. A budget helps you match your income and expenses.
2.
A major purchase is a _______ expense.
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Fixed
Variable
Neither
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
Income with your neighbor's income
Expenses with your future income
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.
Choose wisely. There is only one correct answer.
True
False
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.
Choose wisely. There is only one correct answer.
True
False
True. 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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