Budgeting

Section Quiz

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  1. A budget is important because it will help you:
  2. According to the chapter, what method is recommended to identify overspending?
  3. Expenses such as car repairs or medical expenses are considered:
  4. According to recommended spending guidelines, a proper debt-to- income ratio should not be higher than:
  5. What percentage of income should be allocated towards debt, according to recommended spending guidelines?
  6. In evaluating your spending, which of the following expenses are likely to increase your total debt amount?
  7. What percentage of your income should go towards savings or investments, according to recommended spending guidelines?
  8. Which of the following examples are long-term financial goals?
  9. Several steps are required to create a budget, what step should be taken first?
  10. Creating and maintaining a budget will help you: