Are You Financially Prepared for Independent Living?
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Questions and Answers

According to the 50/20/30 rule, you should allocate ______% of your income to living expenses.

50

When budgeting, it is important to find a method that works for you and is ______.

realistic

The two most vital things you should prioritize when budgeting are building an emergency savings fund and saving for ______.

retirement

Managing your money is easier than ever thanks to the plethora of ______ available.

<p>budgeting apps</p> Signup and view all the answers

Crafting a personalized budget that accounts for all your expenses won't help if you don't actually ______.

<p>stick to the plan</p> Signup and view all the answers

If you're new to budgeting and doubt your organization abilities, start ______.

<p>small</p> Signup and view all the answers

Utilize money-saving tricks, like setting up a direct deposit into your ______ account.

<p>savings</p> Signup and view all the answers

Avoid racking up ______ debt.

<p>credit card</p> Signup and view all the answers

Budgets are like ______: the best one is the one you can stick to.

<p>diets</p> Signup and view all the answers

When budgeting, it is important to find a method that works for you and is ______.

<p>realistic</p> Signup and view all the answers

According to the 50/20/30 rule, you should allocate ______% of your income to living expenses.

<p>50</p> Signup and view all the answers

The two most vital things you should prioritize when budgeting are building an emergency savings fund and saving for ______.

<p>retirement</p> Signup and view all the answers

Between rent, bills, groceries and all the annoying unexpected costs that inevitably come up, you’re going to need to have a ______ for how you spend your money.

<p>plan</p> Signup and view all the answers

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