Check Your Understanding: Drafting Your Budget Check Your Understanding: Drafting Your Budget Enter your text here 1. How should you budget for expenses that vary by season, like the electric bill? Look back at last year's spending and get an estimate from there. Take an educated guess. Ask your neighbors how much they spend each month. 2. How much of your budget should go toward housing? 45% 25% 35% 3. How should you budget for annual or quarterly expenses? Divide them by the number of months they cover and put them into your budget on a monthly basis. Put them into your budget, however often they are paid. Don't include them in your budget; just pay them when they come up. Enter your text here Time's up SECTION 1: Getting Started Lesson 1: Introduction2:47 SECTION 2: The Budgeting Equation Lesson 2: What’s Coming In3:27 Check Your Understanding: What’s Coming In3 questions Lesson 3: What’s Going Out4:48 Check Your Understanding: What’s Going Out3 questions SECTION 3: Creating a Budget That Works for You Lesson 4: Drafting Your Budget4:51 Check Your Understanding: Drafting Your Budget3 questions Lesson 5: Make Changes7:30 Check Your Understanding: Make Changes3 questions Lesson 6: Put it into Practice9:05 Check Your Understanding: Put it into Practice3 questions
