Budget

Which of the following is NOT considered income?

• A paycheck

• A gift of money

• An allowance

• Interest PAID on a loan

Fixed or variable expense: Rent?

• Fixed

• Variable

Fixed or variable expense: Groceries

• Fixed

• Variable

If we decide to go to the movie theater over Spring Break, it would be considered a __________.

• Variable Expense

• Fixed Expense

• Income

Because the amount of money I spend on gas depends on the price of gas and how much I use, it is considered a...

• Fixed Expense

• Variable Expense

• Income

Daycare can be very expensive! My friend pays $972 every month for her daughter.

This is considered a

• Fixed Expense

• Variable Expense

• Income

If an expense can be removed from your budget to save money, it is considered a ______.

• Income

• Want

• Need

• Savings

If an expense can NOT be removed from your budget to save money, it is considered a _____.

• Income

• Want

• Need

• Savings

To have a __________ at the end of the month, I have to make sure I don't spend more than I earn and have some money to save at the end of the month.

• Income
• Expense
• Balanced Budget
• Savings

A _________ is safer place to keep your money than at home under your mattress.

• grocery store

• Want

• Inflation

• Bank