round your answers to the nearest two decimal places\nlearning target 4.1 budgets\n1. identify at least 3 of…

Brief Explanations:

1. The four horsemen of personal finance are often considered to be saving, investing, protecting (insurance), and borrowing. Three of them are savings - setting aside money for future use; investing - putting money into assets to grow wealth; and borrowing - taking on debt for various purposes like buying a home or education.
2. The lottery is called a "stupid tax" because the odds of winning are extremely low, and people often spend money on lottery tickets without a rational expectation of a return. It's seen as an unwise use of money, similar to a tax paid by those who don't fully understand the odds.
3. One budgeting method is the 50/30/20 rule. 50% of income goes to needs (housing, utilities, food), 30% to wants (entertainment, dining out), and 20% to savings and debt repayment.
4. Another budgeting method is the envelope system. You allocate cash into different envelopes for various spending categories (e.g., groceries, gas, entertainment) and once the cash in an envelope is gone, you stop spending in that category until the next budget period.

Answer:

1. Savings, Investing, Borrowing
2. Because the odds of winning are extremely low and it's an unwise use of money.
3. 50/30/20 rule
4. Envelope system