Balancing a Budget

What are variable expenses

• Expenses that stay the same

• Expenses that change

What two things does a budget compare?

• Income and Expenses
• Savings and Interest
• Income and Investments
• Expenses and Expenditures

Which is an example of a fixed expense?

• Cell Phone
• Utility bill
• Groceries
• Gasoline

Variable expenses may not be the same every month.

• True
• False

Tags

CCSS.7.EE.B.4

When you set a budget, you should never revisit or adjust it.

• True
• False

Expenses that stay the same every month are _________ expenses. Rent would be an example.

• fixed

• not necessary

• variable

• flexible

The mortgage payment and the car payment are examples of which of the following?

• variable expenses

• income

• budgeting

• fixed expenses

Money that your earn is called a(n)____.

• expense

• income

• debit

• credit

Tags

CCSS.6.NS.C.5

Money that you spend is called a(n)___.

• expense

• income

• debt

• profit

A plan for spending and saving. You must consider both income and expenses.

• budget

• banking

• hoarding

• investing

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3