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BUDGETING TUTORIALReview Regarding BudgetAnswer the following questions as a review on Budget. 1. Net income is also known as:
a. Taxable income
b. Alimony
c. What's left after you pay your bills
d. Take-home pay
2. Which of the following apply to variable expenses?
a. Take place on a regular basis
b. Consistent and predictable
c. The amounts change
d. All of the above
3. About how much of your monthly take-home pay should your car payment not exceed after subtracting certain monthly expenses, like credit cards?
a. 5% to 10%
b. 10% to 15%
c. 15% to 20%
d. 20% to 25%
4. In addition to vehicle payment, what other vehicle expenses should be considered in your monthly
budget?
a. Insurance
b. Maintenance
c. Gasoline
d. All of the above
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| Jump to: | |
| 1. Living Within Your Means | 5. Shopping Within Your Budget |
| 2. Budget Glossary | 6. Research The Right Vehicle |
| 3. Why Budgeting Works | 7. Budgeting: A Review |
| 4. How to Develop a Budget | 8. Additional Information |
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