Budgeting Bootcamp Quiz 3:
Check Your Understanding: Drafting Your Budget

budget

Check Your Understanding: Drafting your budget

How did you do? You answered [WLQuiz_Total_Correct_Answers name=Budgeting Bootcamp map Q3: Check Your understanding: Draft your id=24] out of [WLQuiz_Total_Questions name=Budgeting Bootcamp map Q3: Check Your understanding: Draft your id=24] questions correctly. See the correct answers to each question below:

1)How should you budget for expenses that vary by season, like the electric bill?
Correct Answer: Look back at last year’s spending and get an estimate from there.

2) How much of your budget should go toward housing?
Correct Answer: 35%

3) How should you budget for annual or quarterly expenses?
Correct Answer: Divide them by the number of months they cover and put them into your budget on a monthly basis.

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