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 is one kind of financial need?
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Groceries. Groceries are one kind of financial need.
3.
A budget might fail if you include expenses that aren't _______.
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Realistic. A budget might fail if you include expenses that aren't realistic.
4.
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.
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.