FBLA Personal Finance Exam 2026-2027|| FBLA
Personal Finance Preparation||FBLA Personal Finance
Practice Exam With Complete Questions And Correct
Detailed Answers(Verified Answers) ||Already Graded
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Budgeting - ANSWER-A plan for dividing up your income
between spending and saving options.
Budget worksheet - ANSWER-A planning document on
which you record your expected income, actual income,
and spending over a short time.
Life-span goals - ANSWER-Important things you hope to
achieve over a number of years.
, 2|Page
True - ANSWER-True or false, a successful budget
requires accurate record keeping.
True - ANSWER-True or false, When you create your
budget, you should prioritize and rank your goals.
False - ANSWER-True or false, If you want to cut your
spending, you'll have to start with your fixed expenses.
Car payments - ANSWER-Which of the following items
would be considered a fixed expense?