Budgeting

A plan for spending and saving is a

• Budget
• Long term Goal
• Google Sheet
• Spreadsheet

Allowances, wages, tips, and interest earned over time are

• Income

• Savings

• Fixed Income

• Budget

Earnings you take home after deductions are

• Gross Pay
• Net Pay
• Income
• Savings

Regular expenses you pay each month that are consistently the same amount are

• Variable expenses
• Flexible expenses
• Fixed expenses
• Budgeted expenses

Earnings before deductions are 

• Net pay
• Gross pay
• Take home pay
• Revenue

Protects you against unexpected expenses

• Income
• Salary
• Savings
• Wages

After estimating your annual income and expenses you need to divide by what number to calculate your monthly income and expenses?

• 6
• 12
• 24
• 365

An example of a variable (flexible) expense is

• Car Insurance
• Rent
• Entertainment
• Student loan payment

A plan for using your money is

• an outline

• your net pay

• a budget

• your check register

Expenses that change from month to month are 

• Fixed expenses
• Net Income
• Variable expenses
• Important expenses