Basics Beginner: Budgeting Made Simple

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1.
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
2.
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.
3.
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.
4.
A budget never changes.
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False. A budget is a living document that changes over time and needs to be adjusted as income, expenses and circumstances change.
5.
When you budget, you try to match your _______.
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Income with your expenses. When you budget, you try to match your income with your expenses.