Everfi Module 3 - Budgeting Study Guide Questions And Correct Answers

In addition to needs, what should you plan for first when creating a budget? a. possible charitable donations b. shopping money c. investments d. recurring expenses {Ans: d}Which of the following is NOT true about emergency funds? a. they are used for anything listed on the budget. b. they can keep you from borrowing money from friends and family. c. they can help you prepare for unexpected expenses. d. they can help remove the worry about expenses not n the budget. {Ans: 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. {Ans: d}Where should you look to find our current expenses when building your budget? a. ask your parents b. your wallet c. bank and credit statements d. your bank representative {Ans: c}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 {Ans: d}Which of the following statements is