Fill in the Blanks Budgeting 101Online version A quiz on budgeting in college. by Christina Arens 1 should have a budget because emergencies can happen anytime . To start budgeting , one needs to look at their and . The expenditures will be made up of items that can be classified as or . However , money should always be set aside for , which sometimes result in medical or auto bills . The largest portion of your income will go towards . Make sure you pay your bills on time , or else you may be charged with a ! Consider using , such as Mint or EveryDollar , to keep you on the right track .