Money Management/Personal Finances Question Title * 1. What is a budget for? Select all that apply. It is a list of all of your income and expenses to see what your finances truly are It tells you how much you can spend, and how much you can't spend It is a tracking tool for anyone who makes money and spends money All of the above OK Question Title * 2. When creating a personal budget, what two items do you need to list to get started? Ups & Downs Ins & Outs Income & Expenses OK Question Title * 3. Why is it important to work out your average monthly income? Because you like math puzzles So you know how much money it will take to pay off what you owe, like rent or credit cards In order to figure out if you can blow your whole paycheck on the weekend. Who cares, right? OK Question Title * 4. How many categories do you need to include in your personal budget, as per this training? 10 7 5 8 Other (please specify) OK Question Title * 5. Just make sure you don’t list items _____ in your budget, then you will be doubling income or expenses! fake once extortionately twice OK NEXT