Budgeting and credit card

A house payment and utilities are examples of 

• variable expenses
• investments
• income
• fixed expenses

Tags

CCSS.6.RP.A.3B

Lunches, medical bills, personal care items, and clothing are all examples of

• variable expenses
• investments
• fixed expenses
• income

What type of expense is insurance?

• Fixed
• Variable

The full amount of our salary is also known as our:

• Entire pay

• Take home pay

• Gross pay

• None of these

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.5

A family spends $500 more than it planned. The most likely result will be that the family will:

• Wait to make the home loan payment

• Wait to make the car payment

• Wait to pay the electric bill

• Cut $500 from its planned savings

Tags

CCSS.7.NS.A.3

A _______________ expense is one that changes each month depending on usage.

• fixed

• variable

• periodic

• None of these

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.3

What is one advantage of having a credit card?

• It prevents you from spending more than you earn.
• It allows you to make purchases without carrying lots of cash.
• It encourages you to budget your money wisely.
• It helps you pay off debts that you may have.

What happens when you don't have enough money to pay for the things you charged?

• You end up owing less than the original amount of money you charged.
• You end up owing more than the original amount of money you charged.
• You end up owing the same amount of money you charged, it just takes a while to pay off.

Tags

CCSS.7.NS.A.2A

CCSS.7.NS.A.2B

How do credit card companies make money?

• By charging late fees and interest to their customers.
• By making you pay an extra dollar on every purchase.
• By charging late fees and interest to stores and other businesses.
• By earning interest on the money they have saved up.

Tags

CCSS.7.NS.A.3

Benefits of credit cards include:

• safe and convenient, bonuses are offered
• allows you to build a positive credit report
• needed for reservations and online shopping
• all of these