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Which of the following most accurately describes a budget deficit?
compare your budgeted income and expenses with your actual income and expenses for two weeks
1-5 yrs
emergency fund
new tires
all of the above
not having enough money to cover expenses
having a budget surplus
deficit based
Which of the following events would not require reworking a budget?
compare your budgeted income and expenses with your actual income and expenses for two weeks
1-5 yrs
emergency fund
new tires
all of the above
not having enough money to cover expenses
having a budget surplus
deficit based
Which of the following is not a quality of a good budget?
compare your budgeted income and expenses with your actual income and expenses for two weeks
1-5 yrs
emergency fund
new tires
all of the above
not having enough money to cover expenses
having a budget surplus
deficit based
Which of the following items should always be included in a cash flow statement?
compare your budgeted income and expenses with your actual income and expenses for two weeks
1-5 yrs
emergency fund
new tires
all of the above
not having enough money to cover expenses
having a budget surplus
deficit based
How can you make sure your budget is on track after you set it up?
compare your budgeted income and expenses with your actual income and expenses for two weeks
1-5 yrs
emergency fund
new tires
all of the above
not having enough money to cover expenses
having a budget surplus
deficit based
Short-term goals are goals you hope to achieve in how many years?
compare your budgeted income and expenses with your actual income and expenses for two weeks
1-5 yrs
emergency fund
new tires
all of the above
not having enough money to cover expenses
having a budget surplus
deficit based
You can prepare for unexpected expenses by regularly putting money into a(n)
compare your budgeted income and expenses with your actual income and expenses for two weeks
1-5 yrs
emergency fund
new tires
all of the above
not having enough money to cover expenses
having a budget surplus
deficit based
fixed expenses include all of the following except
compare your budgeted income and expenses with your actual income and expenses for two weeks
1-5 yrs
emergency fund
new tires
all of the above
not having enough money to cover expenses
having a budget surplus
deficit based
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