Chapter 2 Review-Part 4

Describe irregular income and give examples

What makes a budget a zero-based budget

What's an example of an unexpected expense that may occur? How would you adjust your budget to ensure that you don't overspend that month?

Explain cash-flow statements. How do they work and what specifically do they show you? Give examples of how a cash flow statement will help you adjust your budget for the following month.

How can you keep variable expenses from being a problem in your budget?