Understanding Expenses and Loans

Front

You pay the same every month - it does NOT change

Back

Fixed expense

Front

Sometimes you spend more and sometimes you spend less. What is this type of expense? Options: Groceries, Mortgage, Budget spending, Variable expense

Back

Variable expense

Front

Money borrowed from a bank to pay for a house

Back

Mortgage

Front

Money borrowed from a bank for any reason (to buy a car, boat, etc.)

Back

Loan

Front

You owe money and need to pay or give it back

Back

to be in debt

Front

Giving money to the poor who need it

Back

Charity

Front

The money you spend on each thing each month

Back

Budget (monthly)

Front

Things you need to pay for

Back

Expenses

Front

The money you earn from your job

Back

Income or Salary

Front

When you buy something now and pay later

Back

Credit