Personal Financial Literacy

The amount of money needed to pay or buy something.

• Fixed Expense

• Variable Expense

• Expenses

• Loan

Tags

CCSS.7.EE.B.3

CCSS.7.EE.B.4

CCSS.7.NS.A.3

CCSS.7.RP.A.3

Expense paid on a regular basis (weekly, monthly, yearly)

• Fixed Expense

• Variable Expense

• Expenses

• Loan

Expense that DO NOT have a fixed amount and DO NOT occur on a regular basis.

• Fixed Expense

• Variable Expense

• Expenses

• Loan

Amount is the same each time.

• Fixed Expense

• Variable Expense

• Expenses

• Loan

Amount changes based on needs and wants.

• Fixed Expense

• Variable Expense

• Expenses

• Loan

Tags

CCSS.6.EE.C.9

Which is an example of a fixed expense?

• car payment

• gasoline

• clothes

• gifts

Which is an example of a fixed expense?

• entertainment

• home mortgage

• clothes

• gifts

Which is an example of a fixed expense?

• entertainment

• utilities

• membership fees (gym membership)

• gifts

Which is an example of a variable expense?

• entertainment

• car payment

• membership fees (gym membership)

• insurance payment

Tags

CCSS.7.EE.B.4

Which is an example of a variable expense?

• Rent

• car payment

• eating out

• insurance payment