things in particular which are very important when making a budget. First we need to work out how much             we earn or have available for an            .Next we need to think about how             we want our budget to cover.Finally, we need to know what             we want to buy, how much they             and

What is the primary purpose of creating a budget?a) To track spending habits only b) To determine your net worth c) To plan and control your income and expenses d) To invest in the stock market

What is the first step in creating a budget?*1 pointSetting financial goalsTracking all income and expensesCutting unnecessary expensesOpening a savings account

What are the key components involved in Budgeting and Forecasting?Your answer

What is Budget? What are the objectives of Budget?

You overhear your cousin talking about the importance of creating and sticking to a budget. Which of the following reasons he gives below is actually FALSE?*1 pointA budget can help you identify any bad spending habits.Using a budget can allow you to work towards your financial goals.Having a budget can help you create an emergency fund.Using a budget can qualify you for special discounts at your favorite stores