Planning for Expenses (PRE)

Eleanor recently visited a bank to get a car loan. Upon reviewing her credit score, the bank decided to deny her request for a car loan. Eleanor decided to check her credit report herself. There, she found three accounts that she didn’t open, and they were all past due for payment.

Eleanor was a victim of________________________

and should check her ________________________

more often to avoid being surprised in the future.

• bank fraud, Credit Report

• identity theft, Credit Report

• credit card disclosure agreement, Identity theft

• Credit Report, bank fraud

Tags

CCSS.RI.11-12.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

Rashad compiled a list of fixed expenses and noted his total expenses for last month (SEE PICTURE).

For Rashad to determine his variable expenses, he’ll need to ________________________is fixed expenses from his total expenses for the month. The equation that represents this situation is_________________

• Add, $ 3291.74 + $1943.48

• Subtract, v = $ 3291.74 - $1943.48

• Multiply, $ 3291.74 x $1943.48

• Divide, $\$3291.74\div\$1943.48$

Tags

CCSS.6.NS.B.3

Martin created a list of his expenses for the month of August.

Select the charts that accurately represent Martin’s expenses on the table. Not all charts will be selected.

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Sabrina compiled a list of her variable expenses for the month of June to analyze her spending habits.

Select the pie chart that accurately represents Sabrina’s variable expenses for the month of June.

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While reviewing his budget, Andre calculated his variable and total expenses for last month:

variable expenses: $2,863.09

total expenses: $4,630.16

Write the expense equation to represent Andre’s fixed expenses. Don’t include the $ symbol.

Tags

CCSS.8.EE.C.7B

Which expense is considered a fixed, discretionary expense?

• car loan payment

• grocery bill

• music subscription service fee

• rent payment

Which scenario would make someone vulnerable to identity theft?

• including a Social Security number on an income tax form

• missing monthly payments on a car loan for three months

• opening a credit card account to purchase a household appliance

• using a public library computer to access confidential bank information

Tags

CCSS.RL.11-12.6

Which expense is considered an unexpected expense?

• car maintenance

• insurance premium

• laptop repair

• yearly eye exam

Which expense is considered a fixed expense?

• grocery bill

• home repair costs

• mortgage payment

• utility bill based on usage

Which fund’s purpose is to pay for an unexpected expense?

• a 401(k) retirement fund

• a college savings fund

• an emergency fund

• a mutual fund