Money Management

Money Management is a target to aim for when managing your money.

• True

• False

There are two types of expenses.

• True

• False

You should save 30% of your income.

• True

• False

Living expense is  the amount of money required to maintain a normal standard of living.

• True

• False

A budget is a spending plan to help forecast and control expenses.

• True

• False

What type of expense is rent?

• Fixed

• Variable

• Periodic

What type of expense is groceries?

• Fixed

• Variable

• Periodic

What type of expense is repairing a cell phone?

• Fixed

• Variable

• Periodic

What type of expense is a car loan payment?

• Fixed

• Variable

• Periodic

What type of expense is buying clothing?

• Fixed

• Variable

• Periodic