Budgets!

This is an essential expense for Bart

• Best Buy Paycheck

• Movies with his girlfriend Julie

• Rent to the Parents

Bart sold his PS4 for $250.00! This is considered....

• Variable Expense

• Income

• totally foolish

Bart wanted to take Julie to the movies. As he planned his budget he called the movie theater to find out exactly how much it would cost. This was....

• a waste of time.

• a smart way to plan your expenses

• He should make Julie pay for something!

Bart 'Pays himself first' and always puts $50.00 into his savings. This is considered....

• a fixed expense

• income

• a variable expense

Bart has two forms of income this month. They are...

• rent and PS4 money

• Block Buster Paycheck and Movie Tickets

• Block Buster Paycheck and PS4 Money

An amount of money to be paid each month that changes from month to month is considered a......

• annoying bill

• variable expense

• fixed income

Which two things does a budget compare?

• Savings and interest

• Income and expenses

• Income and investments

Which of the following is a true statement about budgets?

• They encourage people to spend as much money as possible

• Setting up a budget will allow you to earn more money

• They allow people to track how and where their money is spent

If your income is $20 per month, how much should you spend each month to stay on budget? Choose the best answer.

• Exactly $20

• Between $10 and $30

• Less than $20

If you spend more than you make, than you go into......

• expenses

• jail

• debt