Budgeting

My family is going on vacation this summer, so we are sticking to a ______ to save money.

• Income
• Savings
• Budget
• Expenses

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

Daycare can be very expensive! My friend pays $972 every month for her 3 year old daughter. 
This is considered a

• Fixed Expense
• Variable Expense
• Discretionary Expense
• Income

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

• Income
• Want
• Need
• Savings

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

• Income
• Want
• Need
• Savings

A budget it a helpful tool.

• True

• False

The goal of a budget is _________________.

• to spend more than you make

• to spend less than you make

People keep a personal budget to help them

• set and reach financial goals.

• earn promotions at work.

• buy with credit.

• buy anything they want.