Budgets

Which of the following is an example of a need for most people?

• A place to live
• A nice car
• Designer jeans

Tags

CCSS.RI. 9-10.9

CCSS.RI.11-12.9

CCSS.RL.11-12.2

CCSS.RL.8.2

CCSS.RL.9-10.2

Which is an example of a fixed expense?

• Cell Phone
• Utility bill
• Groceries
• Gasoline

Which of the following is an example of a variable expense?

• car payment
• gas for your car
• student loan for college
• insurance

Tags

CCSS.8.EE.C.7B

Something unnecessary but desired. An item which increases the quality of life (video games, DVD's, etc.)

• surplus

• want

• need

• deficit

Tags

CCSS.RI.8.2

CCSS.RL.11-12.2

CCSS.RL.7.2

CCSS.RL.8.1

CCSS.RL.9-10.2

Which of the following is one step in financial planning for a budget?

• Use percentages to see how much of the total income should be set aside for each expense

• Create a spending chart

• Create a table for cash gifts and gift cards your received

Tags

CCSS.6.RP.A.3C

If Jonathan wants to save 20% of his income, how much money does he need save per month if he make $1,600 per month.

• $400

• $160

• $320

• $200

Tags

CCSS.6.RP.A.3C

Which of these costs would be the MOST difficult to adjust if you were looking to reduce your expenses?

• Dining out at local restaurants

• Loan payment on a new car

• Expenses for new clothes

• Postponing a purchase for a big-screen TV

True or False? Should you put money into savings each month?

• True

• False