Budgeting: Income and Expenses

NAME the expense that you pay every month, same amount each time.

• Fixed Expense

• Variable Expense

• Intermittent Expense

• Discretionary Expense

NAME the expense that you pay once or twice a year, usually in large amounts.

• Fixed Expense

• Variable Expense

• Intermittent Expense

• Discretionary Expense

NAME the expense that occurs monthly, but the dollar amount can vary from month to month.

• Fixed Expense

• Variable Expense

• Intermittent Expense

• Discretionary Expense

NAME the expense that pertains to an unnecessary item/service.

• Fixed Expense

• Variable Expense

• Intermittent Expense

• Discretionary Expense

Match the following expense to the correct expense type.

• Spotify

• Discretionary Expense

• Car oil filter change

• Fixed Expense

• Rent

• Variable Expense

• Electric Bill

• Intermittent Expense

Match the following expense to the correct expense type.

• Christmas Presents

• Variable Expense

• Snacks at Liters

• Intermittent Expense

• Student Loan Debt

• Discretionary Expense

• Water Bill

• Fixed Expense

Match the following expense to the correct expense type.

• YouTube Premium

• Intermittent Expense

• Gas

• Variable Expense

• Mortgage Payment

• Discretionary Expense

• Car Repairs

• Fixed Expense

​ (​ (a)   ) - (​ (b)   ) = Net Worth​

• Assets
• Liabilities
• Income
• Loans
• Gross Income
• Tax Rate
• Interest Earned

NAME the expense that is not fixed and can change from month to month.

• Fixed Expense

• Variable Expense

• Intermittent Expense

• Discretionary Expense

NAME the expense that is optional and can be avoided if needed.

• Fixed Expense

• Variable Expense

• Intermittent Expense

• Discretionary Expense