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Q.1
Mistakes people make when budgeting include;

Q.2
Most people have a clear idea of how much they spend in a given year

Q.3
It is not necessary for high income earners to monitor their spending

Q.4
It is difficult to know what you and your family spend in a given year unless you track it

Q.5
The 50/30/20 rule of budgeting supported by many financial professionals means allocating your spending as follows;

Q.6
Studies show you will be happier if your spending is aligned with your values and priorities

Q.7
It is easy to predict someone's annual income from their spending habits and patterns

Q.8
The best planning and budgeting method/process to use is the one that works for you

Q.9
The type, nature and amount of a person's expenses can change with time and age

Q.10
The more variable your income is, the greater your emergency fund should be

Q.11
The higher your level of debt, the more flexibility you have with your spending

Q.12
The term "lifestyle inflation" means;

Q.13
Often, banks require your monthly mortgage payment to be less than __% of your gross monthly income

Q.14
Studies show that people get more happiness from spending on material possessions than on experiences

Q.15
The earlier you develop wise spending habits, the more likely you are to build greater wealth

Q.16
Buying the largest house you can afford is always the best decision

Q.17
Ways to better control your spending include;

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