Budget & Income Terms

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

• Income
• Savings
• Budget
• Expenses

The amount of cash moving into and out of a household or a business

• Cash Flow

• Net Worth

You download 3 songs from iTunes.

• income

• expense

___________________________ is funding to a student to help pay for education-related expenses.

• financial aid
• fee
• room and board
• loan entrance counseling

Rent Payment

• Fixed Expense
• Variable Expense

Gas to get to work

• Fixed Expense
• Variable Expense

Which of the following is an advantage to renting a place to live?

• Limited expenses for maintainance.
• Limited expenses for utilities
• Limited options for size and location
• Limited rights for redecorating

Movie Tickets

• Fixed Expense
• Variable Expense

Philanthropy is used to

• improve the less fortunate's conditions

• provide help to those suffering

• improve the quality of life in the communities

• all of the above

Assuming you do not overborrow or overpay, have a stable job, and have no desire to move, buying your own home is usually a better choice than renting.

• Agree
• Disagree