B285 Budgeting Study Guide

Front

Which of the following is an expense which stays relatively the same from month to month, such as a car payment or rent? Fixed expense, Variable expense, Estimated expense, Equity expenses

Back

Fixed expense

Front

Which of the following is an example of a variable expense? Rent, Entertainment, Car payment, Electricity

Back

Entertainment

Front

Based on the 50/30/20 rule for allocating resources, which percentage should be devoted to savings?

Back

20

Front

Gasoline

Back

variable expense

Front

Rent/mortgage

Back

fixed expense

Front

A plan for your estimated income, expenses, and savings.

Back

Budget

Front

Entertainment

Back

variable expense

Front

Utilities

Back

variable expense

Front

Car payment

Back

fixed expense

Front

Insurance payment
Options:
fixed expense,
unexpected expense,
variable expense,
anticipated income

Back

fixed expense