Budgeting

Budgeting is crucial to your financial success.

• True
• False

Preparing a budget includes

• Income, Expenses, Saving
• Only listing your expenses
• Only listing your debts
• Only listing your income

Which one is a fixed (same amount, same time) payment?

• food

• electricity

• mortgage

• gasoline

Car Payment

• Fixed Expense
• Variable Expense

Fixed or variable expense: Groceries

• Fixed

• Variable

Fixed or variable expense: Rent?

• Fixed

• Variable

Utilities

• Fixed Expenses
• Variable Expenses

Gasoline

• Fixed Expense

• Variable Expense

Car Insurance

• Fixed Expense
• Variable Expense

Entertainment

• Fixed Expense
• Variable Expense