Lesson 1-4: Spending Plan Review

What kind of expenses are common and the amount is different every time​

• Variable
• Frequent
• Fixed
• Periodic

What is not a type of Income?

• Your allowance​
• Pay check from a job​
• Fees paid to a loan​
• Interest earn 

What are expenses that cost the same every time -- often a set monthly payment.

• Periodic
• Fixed
• Secured
• Variable

A car loan is an example of a fixed expense

• True
• False

Car insurance is a ________, ________ expense if you pay it twice per year.​

•  fixed, variable
• periodic, fixed

Auto repairs are an example of a Variable, occasional expense.​

• True
• False

If Michael earns $110 a week from his part-time job, and gets $5 interest a month from the bank, his estimated monthly income should be​

• 445
• 115
• 440

The secret to successfully save is to PYF, or ​

• Payments Your Finance​
• Pennies You Find​
• Pay Yourself First​

Money you receive, is also known as 

• debts
• expenses
• income
• fixed expense

Who wrote "By failing to prepare, you are preparing to fail.“?​

• Ben Jefferson​
• Ben Franklin​
• John F Kennedy
• Ben Affleck​