College Mathematics 4A - Introduction to Personal Finance

The term ______________ is used to explain a person's income that does not vary with each period could include wages, salary, student allowance, benefit

• Fixed Income
• Variable Income

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

_____________ is an income that can vary each time the person receives it. Could include tax rebates, overtime

• Fixed Income
• Variable Income

Tags

CCSS.3.OA.D.9

A _____ is something that is necessary for humans to live a healthy life an example could be food, water, medical, housing, clothing

• Need 
• Want

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.8.1

CCSS.RL.9-10.2

CCSS.RI.7.2

A ______ is something that is desired e.g. computer, holiday, car, cell phone

• Need 
• Want

Tags

CCSS.RL.11-12.6

Rent is a:

• Fixed expense
• Discretionary Expense
• Variable expense
• Intermittent expense

Groceries are a:

• Fixed expense
• Variable expense
• Intermittent expense
• Discretionary expense

Budgeting is crucial to your financial success.

• True
• False

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.NS.A.1

CCSS.7.NS.A.2

CCSS.7.RP.A.1

CCSS.7.RP.A.2

CCSS.7.RP.A.3

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
• Discretionary Expense
• Income

Tags

CCSS.3.OA.D.9

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

• Income

• Want

• Need

• Savings

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

• Income

• Want

• Need

• Savings