Personal Budget Vocab and % Calculation

Match the following.

• an estimated plan of income

• fixed expenses

• bills that often change in cost

• monthly personal budget

• bills that regularly stay the same cost

• variable expenses

• most common personal budget

• budget

• a tool used to manage spending

• personal budget

Categorize the expenses as fixed or variable.

Groups:

(a) Fixed

,

(b) Variable

• clothes

• groceries

• electric & water

• pet food

• car payment

• utilities

• house payment

• insurance

• rent

• memberships

• phone bill

• fuel

Caleb would like to save 15% of his take-home pay towards retirement. How much should he save each month if he makes $5,000 each month?

• $750

• $75,000

• $1125

• $75

To find the total cost of something using a percent of it, you must __________ the decimal and the money amount.

• divide

• multiply

Yates is working on his first budget with fixed and variable expenses and wants to save 10% of his entire budget of $2500 for retirement. How much money would he be saving each month if he saved 10%?

• $250

• $25

• $10

• None - he won't save anything

Logan’s monthly income is $2,750. How much of Logan's monthly income is spent on his car payment and insurance?

• $587.50

• $615.75

• $655.75

• $687.50

What is 5% in decimal form?

• .15

• .50

• .05

• .55

Janea’s monthly income is $2,750. How much of Janea’s monthly income is spent on her cell phone?

• $137.50

• $115.75

• $155.75

• $187.50

Aliscia monthly income is $2,750.

How much of Aliscia’s monthly income is spent on emergencies?

• $437.50

• $412.50

• $455.75

• $487.50

Jazalia ’s monthly income is $2,750.

How much of Jazailia’s monthly income is spent on rent + emergencies?

• $1512

• $1612

• $1455

• $1873