Basics Beginner: Budgeting Made Simple

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1.
The first step in financing a major purchase is to ________.
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Establish a household budget. That way, you can see how and where the planned purchase can be fit into your overall financial picture.
2.
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.
3.
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
4.
What is one kind of financial need?
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Groceries. Groceries are one kind of financial need.
5.
When creating a budget, you should gather information associated with _______ of your expenses.
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All. When creating a budget, its important to gather information associated with all of your expenses.