Basics Beginner: Budgeting Made Simple

Test your knowledge

Choose wisely. There is only one correct answer to each question.

0%
Keep studying!
Review your answers below to learn more.
1.
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.
2.
When you budget, you try to match your _______.
Choose wisely. There is only one correct answer.
Income with your expenses. When you budget, you try to match your income with your expenses.
3.
When creating a budget, you should gather information associated with _______ of your expenses.
Choose wisely. There is only one correct answer.
All. When creating a budget, its important to gather information associated with all of your expenses.
4.
What is one kind of financial need?
Choose wisely. There is only one correct answer.
Groceries. Groceries are one kind of financial need.
5.
The first step in financing a major purchase is to ________.
Choose wisely. There is only one correct answer.
Establish a household budget. That way, you can see how and where the planned purchase can be fit into your overall financial picture.