Personal Finance- Unit 1

It is smart to be a _________________ so that you can find the best product for you based on price, quality, & services offered.

• Impulse Spender

• Comparison Shopper

• Surplus

• Subletter

Which type of expense stays the exact same each month?

• Variable

• Fixed

• Unexpected

When you have extra money left over after paying all of your expenses you have a _________________?

• Surplus

• Deficit

• Break Even

• Security Deposit

When you have a car repair or a medical expense, you have an ______________.

• Variable

• Fixed

• Unexpected

John earns $4,000 a month and out of this amount has $800 taken out for taxes.

You could say that John’s net income/month is _______.

• $4,000

• $4,800

• $3,200

• 5

When someone buys rapidly without thinking they are considered to be a ______________.

• Comparison Shopper

• Frugal

• Landlord

• Impulse spender

When people spend over what they earn they have a _________.

• Deficit

• Surplus

• Security Deposit

• Subletter

What type of expense would your electricity bill typically fall under?

• Fixed

• Variable

• Unexpected

• None of the above

When someone is cheap they could be referred to as this term?

• Impulse spender

• Frugal

• Brand name

• Net income

This term refers to a product that is typically advertised more and tends to be more expensive.

• Brand Name

• Store Brand

• Generic

• Gross Income