Module 101-102 Review Part 2 Question Preview (ID: 33526)
Module 101-102 Review Part 2.
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When you use a weekly budget, it is impossible to plan for a monthly expense.
a) True
b) False
c)
d)
Discretionary income may be used to pay for short-term financial goals.
a) True
b) False
c)
d)
Weekly budgets are
a) meant to account for income and expenses over a period of 28-31 days
b) tough to maintain
c) flexible
d) easy to ignore
Paying for ______ is an example of an essential expense.
a) A. a cup of coffee
b) B. a music download
c) C. cold medicine
d) D. a basketball jersey
______ are examples of financial obligation expenses.
a) Credit card bills
b) Gym fees
c) Haircuts
d) Birthday presents
When creating a budget, it helps to ______ your expenses.
a) leave out
b) underestimate
c) use a credit card for all of
d) categorize
Discretionary income is the same thing as ______ income.
a) essential
b) disposable
c) short-term
d) anticipated
A _____ budget is ideal for a person who gets paid weekly or does not make the same amount of money each week.
a) long-term
b) monthly
c) weekly
d) daily
If you get paid ______, then a monthly budget is ideal.
a) Daily
b) weekly
c) monthly
d) annually
The money you have left over after you have deducted all expenses from your income during a budgetary period is called your
a) unanticipated income
b) winnings
c) anticipated income
d) savings
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