Check your learning: budgeting module

The correct answer is "b. Budgeting is an ongoing process that involves estimating and adjusting."

Budgeting is a cycle. It is a process which will empower you. Please visit the budgeting process section to read about the budgeting cycle.

The correct answer is "b. False"

Some expenses are pretty easy to manage because they are the same or close to the same amount and happen on a regular basis (each month). Other expenses, called periodic expenses, can be more difficult to manage because they happen less often. Make sure that you have enough money set aside to cover the cost of these expenses when they come up. Please see the estimating your expenses section to read about periodic expenses. "

The correct answer is "c. The period for which the budget is prepared."

The budget period is the interval of time for which the budget has been prepared for. For example, for the purpose of this module and the budgeting template, your budget period covered one month.

The correct answer is "c. Child support"

Employment income is money that you receive from working. Employment income can consist of amount you receive as salary, wages, commissions, bonuses, tips. Please visit the estimating your income section to read about employment income.

The correct answer is "b. False"

Periodic expenses can be more difficult to manage because they happen less often. It is important to make sure that you have enough money set aside to cover the cost of these expenses when they come up. It is recommended that you estimate your periodic expenses on a frequent basis, such as monthly.