• 1

  With a budget, it's important to get it right the first time around so that you can set it and forget it.

       TRUE

       FALSE

  

• 2

  Budgeting can help us to maximize our assets and minimize our liabilities.

       TRUE

       FALSE

  

• 3

  A budget only involves making a plan for future spending, not looking at what we've already spent.

       TRUE

       FALSE

  

• 4

  It's important to categorize our incomings and outgoings.

       TRUE

       FALSE

  

• 5

  We should all save money.

       TRUE

       FALSE

  

• 6

  If your income goes up by 10%, you should spend 10% more every month to improve your lifestyle.

       TRUE

       FALSE

  

• 7

  You should prioritize saving money over paying off your debt, such as your credit card bill.

       TRUE

       FALSE

  

• 8

  If you're living paycheck to paycheck, you can't save money or pay off debt.

       TRUE

       FALSE

  

• 9

  The best way to use your budget is to set upper limits of spending and stick to them every month.

       TRUE

       FALSE

  

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