EVERFI Module 3 Test - Budgeting (Answered)
EVERFI Module 3 Test - Budgeting (Answered)
1. 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: d
2. 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.: a
3. 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.: d
4. 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: b
5. 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: d
6. What should be considered when setting a budget?
a. needs and wants b. savings
c. time management goals
d. needs, wants, and savings: d