Budgeting Review

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Preparing a budget includes: Income, Expenses, Saving, Only listing your expenses, Only listing your debts, Only listing your income

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Income, Expenses, Saving

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Examples of Fixed Expenses include: Mortgage, loans, rent, Cable, entertainment, food, Gas, food, phone, Clothing, gas, food

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Mortgage, loans, rent

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Utilities would be an example of

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Variable Expenses

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Gas would be an example of a

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Variable Expense

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Car Insurance would be an example of a

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Fixed Expense

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The amount an employee earns once taxes and other items are deducted from his or her gross pay.

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Net Income

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Fees incurred when a customer withdraws more money from an account than what is available in the account.

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Overdraft fees

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The total amount of money an individual has earned before taxes are taken out.

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Gross Income

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Which of the following describes wants?

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Things or tems that a person would like to own or purchase that is not necessary for life; Ex. entertainment, video games, etc.

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Career assessments help to identify: possible career areas related to one's interests, positions available in a particular occupation, fastest and slowest growing careers in a particular occupation.

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possible career areas related to one's interests