Section 4: Budget and Expenses

1: What’s the main purpose of creating a budget?

2: How does tracking spending help your financial situation?

3: What’s the first step in creating a budget?

4: What’s the difference between a “need” and a “want”?

5: Which of the following is considered a “need”?

6: How can identifying needs vs. wants impact your budget?

7: When tracking your spending, what should you do with the information you gather?

8: What’s a potential benefit of cutting unnecessary expenses?

9: What’s the danger of ignoring your spending habits?

10: How does creating a budget and tracking spending contribute to financial well-being?