Budgeting

Examples of Fixed Expenses include:

• Mortgage, loans, rent

• Cable, entertainment, food

• Gas, food, phone

• Clothing, gas, food

Preparing a budget includes

• Income, Expenses, Saving

• Only listing your expenses

• Only listing your debts

• Only listing your income

Which one is a fixed (same amount, same time) payment?

• food

• power

• mortgage

• petrol

Car Payment

• Fixed Expense

• Variable Expense

Fixed or variable expense: Groceries

• Fixed

• Variable

Utilities

• Fixed Expenses

• Variable Expenses

Gas

• Fixed Expense

• Variable Expense

Car Insurance

• Fixed Expense

• Variable Expense

Entertainment

• Fixed Expense

• Variable Expense

Dining Out

• Fixed Expense

• Variable Expense