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2 cards from this section. Quick, good the night before a test.
What is a budget?
Think about what you need to manage your money.
Name one category for expenses in a budget.
What do you spend money on regularly?
What is the first step in creating a budget?
What is the first thing you do before calculating how much you have?
True or False: A budget guarantees you won't overspend.
Think about how planning helps, but it’s not foolproof.
A family lists their monthly income as $4000 and expenses as $4500. They decide to have a garage sale and earn an additional $300. What are their next steps to balance their budget?
Consider both increasing your earnings and reducing unnecessary spending.
If the costs of groceries are projected to rise by 10% next month, how should a family adjust its current budget to accommodate this change?
Think about how you can cut back or find extra income to adjust for the increase.
4 more questions in this section. Enroll free to practise them all.
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