Expenses, Budgets, & Insurance

Expenses that stay the same every month are _________ expenses.

• fixed

• periodic 

• variable

• unplanned

Which of the following is an example of a variable expense? (choose 3)

• utilities like electricity and water

• gas for your car

• food for the month

• insurance

• cable and internet service

What does it mean to pay yourself first?

• pay your bills first before you save anything

• buy what you want first before you pay your bills

• put your money in savings first before spending anything

• pay your taxes first before your expenses

The mortgage payment and the car payment are examples of which of the following?

• fixed

• periodic 

• variable

• unplanned

Car repairs are a fact of life, unpredictable, and should be budgeted. This is a(n)_________ expense.

• fixed

• periodic 

• variable

• unplanned

when unexpected things happen that require money it is a(n) ____ expense

• fixed

• periodic 

• variable

• unplanned

a budget expense that can change, or vary, from month to month is a(n) ______ expense

• fixed

• periodic 

• variable

• unplanned

expenses that happen occasionally during the year, usually less than once a month is a(n) ______ expense

• fixed

• periodic 

• variable

• unplanned

setting money aside instead of spending it

• expenses

• income

• saving

• budget

the money you have earned from work you have done

• expenses

• income

• saving

• budget