Budgeting & Expense Types

(a)   are expenses that do not change.

• Expenses that change every month
• Expenses that happen on a non-stand
• Fixed expenses
• Expenses that are unpredictable

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(a)   is an example of a fixed expense.

• Gas
• Groceries
• Mortgage/rent
• Emergency medical bills

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You can budget for non-recurring expenses by (a)   .

• Save a little bit each month
• Examine prior spending
• Put money aside in an emergency fun
• None of the above

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(a)   are expenses that change every month.

• Recurring expenses
• Expenses that happen on a non-stand
• Expenses that do not change
• Expenses that are unpredictable

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(a)   is an example of a recurring expense.

• Annual subscriptions
• Emergency home repair
• Gas
• Semi-annual purchases

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The importance of budgeting is (a)   .

• To track and control expenses
• To increase debt
• To spend money without any plan
• To ignore financial goals

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The purpose of saving money is (a)   .

• To buy unnecessary items
• To have financial security
• To accumulate debt
• To live paycheck to paycheck

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You can reduce expenses by (a)  

• increasing spending
• ignoring bills
• creating a budget
• taking on more debt

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You might consider pulling from your emergency fund when​ (a)  

• you want a new pair of shoes
• you need to pay your electric bill
• your bills are more than $500
• you get into a car accident

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It is important to track expenses to (a)   .

• overspend
• ignore financial goals
• have a clear picture of spending
• increase debt

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