Financial Planning and Budgeting Quiz

Establishing short-term and long-term financial goals

Budgeting and allocating resources effectively

Investing in high-risk, speculative assets (correct)

Tracking income and expenditures

70% for fixed expenses, 20% for savings, 10% for variable expenses

70% for variable expenses, 20% for fixed expenses, 10% for investments

70% for fixed expenses, 20% for variable expenses, 10% for savings (correct)

70% for savings, 20% for fixed expenses, 10% for variable expenses

Digital tools are more susceptible to data breaches and cyber threats

Digital tools offer automatic updates and real-time data analysis (correct)

Digital tools are less accurate than paper-based methods

Digital tools require less effort and time to maintain

<p>Rent or mortgage payment</p> Signup and view all the answers

<p>It ensures that savings and investments are prioritized before other expenses</p> Signup and view all the answers