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Personal Finance Courses: Budgeting

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1.
In your budget's savings plan section, you will have short-term goals, intermediate-term goals, and long-term goals to save for. Which of these would an eight-year-long goal fall under?
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Intermediate-term goals. Intermediate-term goals are those that are 5-10 years away.
2.
Budgeting software can provide financial forecasts for your financial data.
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True. Not all software offers this, however. The ones that do are more advanced and pricey.
3.
The purpose of a budget is to help you plan how to spend and save money.
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True. Budgets are valuable tools that help you stay on top of your money.
4.
Any past debts you are paying on should be grouped under your expenses in your budget, even though you did not incur them this month.
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True. Even though your debts are ghosts of past expenses, you would include them among your current expenses in your budget.
5.
Having mostly fixed expenses instead of variable expenses will keep your expenses low.
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False. Fixed expenses often can be for your most expensive needs or wants. The way to keep fixed expenses lower is to buy what you need rather than what you want.