Discretionary Spending

Front

Which of the following is NOT a component of a budget? credit score, saving, income, giving

Back

credit score

Front

How often should you create a budget? Options: daily, weekly, monthly, biannually

Back

monthly

Front

Going to the movies is an example of what types of expenses? Options: intermittent and variable, discretionary and variable, discretionary and fixed, intermittent and fixed

Back

discretionary and variable

Front

What should you do if you overspend in one category of your budget?

Back

Adjust your budget by removing money from other spending categories.

Front

Which term means buying goods according to what one want or needs?

Back

Discretionary Spending

Front

What is the term for factors that motivate or influence human behavior?

Back

incentives

Front

What type of expense is Melissa's spending on chips and soft drinks during her trip to Publix?

Back

Discretionary Expense

Front

What type of expense is a 10% increase in rent due to a new security installation?

Back

Essential

Front

Which of the following defines a budget? A plan to increase income, A plan to match expected expenses with expected savings, Something that will decrease your wants and needs, Spending and savings plan based on expected income and expenses

Back

Spending and savings plan based on expected income and expenses

Front

House payments (mortgages), car loans, and student loans are all examples of:

Back

Fixed expenses