CM: 3.3B Budgeting

A mortgage payment is an example of a?

• Variable Expense

• Fixed Expense

Type of expenses that change from month to month?

• Variable Expenses

• Fixed Expenses

Find the McConnell's average monthly expenditure. 
January $2,004
February $1,897
March $2,345
April $2,426

• $26,016
• $8,672
• $2,218
• $2,168

The Scotts prepared an expense summary. They had planned to spend $217.25 on transportation for the previous month but actually spent $212.50. How much more or less did they spend on utilities than they had budgeted for?

• $4.75 less
• $4.75 more
• $5.25 less
• $5.25 more

what is the total monthly expenses? knowing that the living expenses is $675 , fixed expenses is $940 and the annual expenses is $1270. (Hint: divide annual expense by 12)

• $1279.89

• $1200

• $1390.2

• $1890.2

Jane takes home $3,500 every month from her job. She uses $1,800 of that money to pay for her rent and her car payment, $300 for her credit card payment and $100 for her savings account. In order to make sure that she keeps her budget balanced for her month, what is the most amount of money that she can spend for the rest of the month?

• $1,100

• $1,300

• $800

• $1,200

what is the total monthly expenses? knowing that the living expenses is $652.50 , fixed expenses is $1240 and the share of annual expenses is $337.85

• $1279.89

• $2230.35

• $2345.4

• $1890.2

What happened on 7/5?

• a paycheck was deposited
• check #164 was written
• nothing
• the balance went up

I am writing a $40 check to Walmart for groceries. Where do I write Walmart on the check?

• 5

• 2

• 6

• 3

Leon listed some expenses from last month on this table. Which of the following is a fixed expense?

• Gifts for friends

• Sodas

• Car payment

• Sports tickets