EverFi Lesson 3 - Budgeting Questions And Answers

Which of the following is a benefit of using a budget? a. Helps to keep track of the money you receive b. Helps to prioritize your spending c. Helps reach short- and long-term financial goals d. All of the above - Answer- d Which of the following is NOT a benefit of using a budget? a. a budget can help you purchase anything you want. b. a budget can help you keep track of your money. c. a budget can help you make plans to reach your financial goal. d. a budget can help you decide the importance of your expenses. - Answer- a Why is using a budget beneficial? a. helps to keep track of the money you receive. b. helps to prioritize your spending. c. helps reach short- and long-term financial goals. d. All of the above. - Answer- d Which of the following should NOT be considered when setting a current budget? a. your financial goals b. future income c. needs and wants d. savings - Answer- b Which of the following should you consider when setting a budget? a. your financial goals b. needs and wants c. savings d. all the above - Answer- d What should be considered when setting a budget? a. needs and wants b. savings c. time management goals d. needs, wants, and savings - Answer- d ______________ are good places to look to find your current expenses when building your budget. a. banks and credit unions b. grocery stores and concerts c. banks and credit statements d. onlin