The Budget Quiz is designed to educate you about the value and describe some of the challenges of budgeting. I shall provide one answer each day.
1. What is the first thing you will have to do before you can be successful with a budget?
2. What are the two keys to budgeting?
3. What are the definitions of a budget?
4. (True or False) Budgeting restricts your life and prevents you from doing things you want to do.
5. Why should a person budget?
6. What are the two main purposes of a budget system?
7. What is the real problem with money?
8. What are the three money pitfalls?
9. What is the guiding principle of this budgeting system?
10. How will you know when you are really budgeting?