G5-G6 FL-5

Any money paid for buying goods & services is known as _____.

• Profit

• Income

• Expense

Money received on birthdays is called _____.

• Needs

• Income

• Wants

_____ expenses are the expenses that can change from timw to time.

• Fixed

• Essential

• Variable

______ expenses stay the same every month.

• Non-essential

• Fixed

• Variable

_____ income is money received/income earned after actively working for someone or for yourself.

• Active

• Passive

• Essential