Personal Budgets

The amount of money you have left to spend on after taxes is called your ____________.

• income
• net pay
• taxes
• monies

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4

A fixed cost is a cost that ____________________.

• does not change from month to month
• does change from month to month

Tags

CCSS.3.OA.D.9

A variable cost is a cost that ____________________.

• does not change from month to month
• changes from month to month

Rent is a type of ________________ cost.

• fixed
• varialbe

Food is a type of __________ cost.

• fixed 
• variable

Entertainment is a type of ____________ cost.

• fixed
• variable

 During a thunderstorm, lighting strikes a large tree in the Torres family’s backyard. The tree needs to be removed. The cost to remove the tree is $500. If the Torres family income is $4,500 per month, is there enough money budgeted in the allotted emergency fund? Explain. 

• Yes, there is $18,000 in the emergency fund.
• Yes, there is $4,500 in the emergency fund.
• No, there is only $180 in the emergency fund.
• No, there is only $90 in the emergency fund.

Tags

CCSS.6.RP.A.3C

If the Moore's monthly income is $5,000 what amount of their budget is spent on miscellaneous expenses?

• $2,000
• $.08
• $200
• $4

Tags

CCSS.6.RP.A.3C

If the Talbot family's income is $3,200 what percent of their budget is spent on medical expenses?

• 15%
• .15%
• 150%
• 100%

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

Gas expenses are a type of _________ cost.

• fixed
• variable